On its 2024 income statement, Cowling, Inc., reported income before tax of $300,000. Cowling Inc., estimated that, because of permanent differences, taxable income for 2024 will be $280,000. During 2024, Cowling made estimated tax payments of $50,000, which were debited to the income tax expense account. Cowlings tax rate is 30%.

What amount should Cowling report as income tax expense for 2024?