Incorrect Question 26 At the end of the year, Montana Corp. had the following pre-tax income statement balances: Selected Balances 0/2 pts Operating Income Non-operating Losses $1,000,000 $400,000 Assume Montana Corp. has a 20% tax rate. What amount would Montana report as income tax expense as a separately stated line item on its income statement? $200,000 none $80.000 $120,000