Denver Company, a calendar-year corporation, had the following actual income before income tax expense and estimated effective annual income tax rates for the first three quarters in 20X8:

							Estimated Effective
	Income Before						Annual Tax Rate at the
Quarter	Income Tax Expense						End of Each Quarter
First		$	100,000						30	%
Second		$	140,000						24	%
Third		$	180,000						30	%

Denver's income tax expense in its interim income statement for the third quarter should be:

Multiple Choice

• $126,000.

• $68,400.

• $62,400.