99. During 2021, Fairy Tale Inc. has several differences between their pre-tax accounting income and their taxable income. Fairy Tale Inc. provides the following information for 2021:

Item	Amount
Income before taxes (GAAP)	$447,000
Cash sales	$115,000
Sales on account (taxable when cash is received)	$93,000
Estimated warranty expense (deductible when cash is paid)	$53,000
Interest revenue from a tax-free municipal bond	$77,000

There are no other possible book-tax differences for 2021. What is Fairy Tale Inc.s taxable income for 2021?

$330,000

$445,000

$215,000

$407,000