Mitchell Corporation prepared the following reconciliation for its first year of operations:

Pretax financial income for 2018$ 1,800,000

Tax exempt interest(150,000)

Originating temporary difference (350,000)

Taxable income$1,300,000

The temporary difference will reverse evenly over the next two years at an enacted tax rate of 40%. The enacted tax rate for 2018 is 35%.

In Mitchell's 2018 income statement, what amount should be reported for total income tax expense?

A $690,000

B $630,000

C $595,000

D $455,000