Watson Corporation prepared the following reconciliation for its first year of operations:
Pretax financial income for 2015	1,800,000
Tax exempt interest	(100,000)
Originating temporary difference	(300,000)
Taxable income	1,400,000
The temporary difference will reverse evenly over the next two years at an enacted tax rate of 40%. The enacted tax rate for 2015 is 28%. What amount should be reported in its 2015 income statement as the current portion of its provision for income taxes?