Sanatander, Inc. reports a taxable and financial loss of $1150000 for 2019. Its pretax financial income for the last two years was as follows: 2017 $625000 2018 650000 The amount that Sanatander, Inc. reports as a net loss for financial reporting purposes in 2019, assuming that it uses the carryback provisions and that the tax rate is 40% for all periods affected, is