Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement if the company has a 40% tax rate?

Sales Revenue $500,000 Cost of goods Sold 300,000 Salaries and wage expense 40,000 Depreciation expense 55,000 Dividend revenue 45,000 Utilities expense 5,000 Loss on Discontinued Operations 50,000 Unrealized Gain AFS 15,000 Foreign Currency Transaction Loss 12,000 Interest Expense 10,000