During the year 2018, Tosco Corporation suffered an $800,000 loss when its factory was destroyed in a flood. Assuming the corporate income tax rate is 36%, what amount will Tosco report as a non-recurring loss on its income statement for 2018? Assume floods are not common in this area. Multiple Choice $800,000 $512.000 $288,000 Nothing, since this does not qualify as a non-recuirring item. as