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

and taxable income:

The estimated lawsuit expense of $$759000$ will be deductible in $2025$ when it is expected to be paid. The instalment sales will be

realized at $$321000$ 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

$$131400.$

$$160500.$

$$321000.$

$$96300.$