Freda's Florist reported the following before tax income statement items for the year ended December 31, 2021 Operating income Income on discontinued operations $261,000 62,000 All income statement items are subject to a 25% income tax rate. In its 2021 income statement, Freda's separately stated income tax expense and total Income tax expense would be Multiple Choice $65,250 and $80,750, respectively, 580,750 and $80,750, respectively