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

Pretax financial income for 2021	$1250000
Tax exempt interest	(139000)
Originating temporary difference	(328000)
Taxable income	$783000

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

$354200

$312500

$294150

$195750