Mathews Company reported "Income from continuing operations before tax" for 2020 of $800,000. Additional transactions occurring in 2020 but not considered in the $800,000 are as follows: Uninsured flood loss $90,000 Loss on discontinuance of a $100,000 major segment of the company Gain on sale of equipment $50,000 Assume the company has a tax rate of 20% and completes a multiple-step income statement. How much would they report on the income statement for income tax? $ 170,000 $ 160,000 $152.000 $132.000