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________________________________________ Blossom Corp has a tax rate of 20 percent and income before non-operating items of $1785000. It also has the following items (gross amounts):
________________________________________ Blossom Corp has a tax rate of 20 percent and income before non-operating items of $1785000. It also has the following items (gross amounts):
Unusual gain $110200
Loss from discontinued operations 914800
Dividend revenue 29500
Income increasing prior period adjustment 375000
What is the amount of income tax expense Blossom would report on its income statement?
Select answer from the options below
- $384940
- $362900
- $276980
- $201980
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