Palomo Corp has a tax rate of 20 percent and income before non-operating items of $1.785,000. It also has the following items (gross amounts). Unusual gain Loss from discontinued operations Dividend revenue Income increasing prior period adjustment $ 115,000 915,000 30.000 370,000 What is the amount of income tax expense Palomo would report on its income statement? $277.000 $203.000 $363.000 $386.000