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Crane Company has a tax rate of 30 percent and income before non-operating items of $ 1785800. It also has the following items (gross amounts).
Crane Company has a tax rate of 30 percent and income before non-operating items of $ 1785800. It also has the following items (gross amounts). Unusual gain $ 118800 Loss from discontinued operations 915900 Dividend revenue 30500 Income increasing prior period adjustment 376000 What is the amount of income tax expense Crane would report on its income statement?
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