For its first year of operations. Tringal Corporation's reconciliation of pretax accounting income to taxable income is as follows. Pretax accounting income Permanent difference $280,000 (15,800) 264,200 (19,700) $244,500 Temporary difference-depreciation Taxable income Tringalls tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringall report as income tax payable for its first year of operations? Multiple Choice 56125 54925 566,050 Multiple Choice 561125 54.925 $66.050 $70,000