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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 290,000 Permanent

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

Pretax accounting income $ 290,000
Permanent difference (14,500 )
275,500
Temporary difference-depreciation (20,400 )
Taxable income $ 255,100

Tringali's tax rate is 33%. Assume that no estimated taxes have been paid. What should Tringali report as its income tax expense for its first year of operations?

Multiple Choice

$95,700.

$90,915.

$84,183.

$6,732.

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