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What is the amount of income tax expense

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Reference no: EM132419863

A co has a tax rate of 40 percent and income before non-operating items of $928,000. It also has the following items (gross amounts).

Unusual loss                                                                 $148,000

Extraordinary loss                                                           404,000

Gain on disposal of equipment                                         32,000

Change in accounting principle

increasing prior year's income                                   212,000

What is the amount of income tax expense the co, would report on its income statement?

Reference no: EM132419863

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