Provincial Incorporated reported the following before-tax income statement items: Operating income Nonoperating losses Provincial has a 25% income tax rate. $ 700,000 (100,000) Provincial would report income tax expense as a separately stated line item in the income statement in the amount of:

Provincial Incorporated reported the following before-tax income statement items: Provincial has a 25% income tax rate. Provincial would report income tax expense as a separately stated line item in the income statement in the amount of