7 Consider the following data set: item purchased january 2, 2021: cost $60,000+ useful life 4 years: depreciation for accounting 515.000 yearly Depreciation for tax purposes in 2021. 560.000: Annual pretax income $100.000, based on income before tax and depreciation of $120.000 each year. Tax rate, 259. Income tax expense for 2023 is: a. 525.000 b. $15,000 $15.000 d. 526.250 e none of the above