Elgin Battery Manufacturers had sales of $850,000 in 2015 and their cost of goods sold is 578,000. Selling and administrative expenses were 76,500. Depreciation expense was $10,000 and interest expense for the year was $11,000. The firm's tax rate is 31 percent. What is the dollar amount of taxes paid in 2015?

Group of answer choices

$176,055

$54,095

$202,300

$57,505