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Sales revenue $1,000,000 Cost of goods sold 600,000 Salaries and wages expense 80,000 Depreciation expense 110,000 Dividend revenue 90,000 Utilities expense 10,000 Discontinued operations loss

Sales revenue $1,000,000

Cost of goods sold 600,000

Salaries and wages expense 80,000

Depreciation expense 110,000

Dividend revenue 90,000

Utilities expense 10,000

Discontinued operations loss 100,000

Interest expense 20,000

4. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement?

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