For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows:

Pretax accounting income	$	390,000
Permanent difference		(15,400	)
		374,600
Temporary difference-depreciation		(21,000	)
Taxable income	$	353,600

Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as income tax payable for its first year of operations?

Multiple Choice

$93,650.

$88,400.

$5,250.

$97,500.