Lantos Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? Sales revenue $ 500,000 Cost of goods sold 300,000 Salaries and wages expense 40,000 Depreciation expense 55,000 Dividend revenue 45,000 Utilities expense 5,000 Extraordinary loss 50,000 Interest expense 10,000 $34,000 $36,000 $16,000 $54,000