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 duesDepreciation expense for the year was $120,000Capital cost allowance (CCA) claimed on FTW's tax return was $140,000The substantively enacted tax rate was 28% for 20X1What is the net amount of tax expense that FTW will report on its statement of comprehensive income for its year ended December 31, 20X1?