Can you show me how to find the income tax expense for this problem?

Carla financial income for Lake Inc. is $340,000, and its taxable income is $90,000 for 2018. Its only temporary difference at the end of the period relates to a $70,000 difference due to excess depreciation for tax purposes. If the tax rate is 40% for all periods, compute the amount of income tax expense to report in 2018. No deferred income taxes existed at the beginning of the year.