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Question text Esther Corporation has a tax rate of 20 percent and income before non-operating...

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Accounting

Question text
Esther Corporation has a tax rate of 20 percent and income before non-operating items of $1,785,000. It also has the following items (gross amounts).
Unusual gain $115,000
Loss from discontinued operations (net of taxes) $915,000
Dividend revenue $30,000
Income increasing prior period adjustment $370,000
What is the amount of income tax expense Esther Corporation would report on its income statement?
Select one:
a. $203,000
b. $363,000
c. $277,000
d. $386,000

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