34. In 2021, Bodily Corporation reported $400,000 pretax accounting income. The income tax rate for that year was 40%. Bodily had an unused $100,000 net operating loss carryforward from 2020 when the tax rate was 25%. Bodily's income tax payable for 2021 would be:

a. 60,000

b. 75,000

c. 100,000

d. 120,000