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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: 02:16:55 Pretax accounting income $300, 000 Permanent difference (15, 000) 285 , 000 Temporary difference-depreciation (20, 000) Taxable income $265 , 000 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as income tax payable for its first year of operations? Multiple Choice $75,000. $71,250. $66,250. $5,000