A startup's accountant has just prepared the year-end income statement for its third year of operations. It has finally become profitable with profit before tax of $575,000 in year three after incurring losses of $250,000 in year one and $125,000 in year two. Given a corporate tax rate of 25%, how much income tax will the company owe based on year three results? $143,750 O $112,500 $81,250 $50,000