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Blossom Corporation prepared the following reconciliation for its first year of operations: Pretax financial income for 2021 $1150000 Tax exempt interest (137000) Originating temporary difference

Blossom Corporation prepared the following reconciliation for its first year of operations:

Pretax financial income for 2021 $1150000

Tax exempt interest (137000)

Originating temporary difference (324000)

Taxable income $689000

The temporary difference will reverse evenly over the next 2 years at an enacted tax rate of 30%. The enacted tax rate for 2021 is 25%.

In Blossoms 2021 income statement, what amount should be reported for total income tax expense?

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