8) Haag Corps 2025 income statement showed pretax accounting income $2,500,000. To compute the federal income tax liability, the following 2025 data are provided:

Interest revenue from municipal bonds $100,000

Depreciation deducted for tax purposes in excess of depreciation deducted $200,000

For financial statement purposes

Enacted corporate income tax rate 20%

What amount of current federal income tax liability should be reported in Haggs December 31, 2025 balance sheet?

A) $110,000

B) $480,000 INCORRECT

C) $440,000

D) $500,000