Elephant, Inc. reported pretax financial income of $520,000 for 2024, its first year of operations. Its only reconciling item between book and taxable income is a nondeductible fine of $20,000 (which was expensed for book purposes). Assuming Elephants tax rate is 30% and it made no estimated tax payments during the year, Elephants income taxes payable at 12/31/24 is

a. $162,000

b. $156,000

c.$144,000

d.$104,000