Angel Corporation reported pretax book income of $1,014,000. During the current year, the net reserve for warranties increased by $27,100. In addition, tax depreciation exceeded book depreciation by $103,500. Finally, Angel subtracted a dividends received deduction of $27,800 in computing its current year taxable income. Angel's hypothetical tax expense in its reconciliation of its income tax expense is:

Multiple Choice

• $212,940.

• $207,249.

• $196,896.

• $191,205.