At the end of $2023,$ its first year of operations, Ontario Corp. prepared the following reconciliation between pre$-$tax accounting income and taxable income:

Pre$-$tax accounting income

Estimated lawsuit expense $$300,000$

Instalment sales. $750,000$

Taxable incom $lon$

$\text{'}600,000)$

$$450,000$

The estimated lawsuit expense of $$750,000$ will be deductible in $2025$ when it is expected to be paid. The instalment sales will be realized at $$300,000$ in each of the next two years. The income tax rate is $30\%$ for all years. The total income tax expense to be reported on the income statement is

$$90,000.$

$$135,000.$

$$150,000.$

$$300,000.$