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Nash's Trading Industries has the following account balances: Retained earnings $75000 Revenue $361000 Operating Expenses $297000 Interest Expense $19700 Assume an income tax rate of

Nash's Trading Industries has the following account balances:

Retained earnings		$75000
Revenue		$361000
Operating Expenses		$297000
Interest Expense		$19700

Assume an income tax rate of 20%. What is the amount of income tax expense to be reported on the corporate income statement?

$15000

$72200

$12800

$8860

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