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Blossom Company has a tax rate of 30 percent and income before non-operating items of $1785900. It also has the following items (gross amounts). Unusual
Blossom Company has a tax rate of 30 percent and income before non-operating items of $1785900. It also has the following items (gross amounts).
Unusual gain$ 116300Loss from discontinued operations915900Dividend revenue30500Income increasing prior period adjustment367000
What is the amount of income tax expense Blossom would report on its income statement?
$415140
$579810
$545310
$305040
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