Provincial Inc. reported the following before tax income statement items: Operating income Nonoperating losses $590,000 (97.000) Provincial has a 25% income tax rate. Provincial would report the following amount of income tax expense as a separately stated line item in the income statement: Multiple Choice $24,250. $12,250 $123,250. Multiple Choice $24,250. $12,250 $123,250 O $135,500