Angel Corporation reported pretax book income of $1,032,000. During the current year, the net reserve for warranties increased by $29,800. In addition, tax depreciation exceeded book depreciation by $108,000. Finally, Angel subtracted a dividends received deduction of $31,400 in computing its current year taxable income. Angel's hypothetical tax expense in its reconciliation of its income tax expense is:

Multiple Choice

• $200,298.

• $210,462.

• $216,720.