ABC Corp had accounting income of $131,870 in Year 1. Included in the calculation of that amount is the CEO's life insurance expense of $4,220, which is not deductible for tax purposes. In addition, the undepreciated capital cost (UCC) for tax purposes is $11,830 lower than the net carrying amount of the property, plant, and equipment, although the amounts were equal at the beginning of the year. Assuming IFRS and a constant tax rate of 21.11%, how much current income tax expense will be recorded for Year 1? a. $26,887 b. $28,199 c. $27,543 d. $28,854 e. $26,231