19 20X1 was the first year of operations for FTW Corp. FTW's accounting income before tax for the year ended December 31, 20X1, was $275,000. FTW follows IFRS. Other pertinent facts follow: FTW's expenses included $5,000 in social club dues Depreciation expense for the year was $120,000 Capital cost allowance (CCA) claimed on FTW's tax return was $140,000 The substantively enacted tax rate was 28% for 20X1 What is the net amount of tax expense that FTW will report on its statement of comprehensive income for its year ended December 31, 20X1? Oa. $75,600 O b. $72,800 Oc. $67,200 Od. $78,400