Omar Company prepared the following reconciliation of its pretax financial statement income to taxable income for the year ended December 31, 2018, its first year of operations:

Pretax financial income 1,600,000

Nontaxable interest received (50,000)

Long-term loss accrual in excess of deductible amount 100,000

Depreciation in excess of financial depreciation ( 250,000)

Taxable income 1,400,000

If the income tax is 30%, what amount should Omar report as income tax expense current portion in its 2018 income statement?