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

Pretax accounting income	$	400,000
Permanent difference		(14,800	)
		385,200
Temporary difference-depreciation		(20,200	)
Taxable income	$	365,000

Tringali's tax rate is 37%. Assume that no estimated taxes have been paid. What should Tringali report as income tax payable for its first year of operations?

Multiple Choice

$148,000.

$135,050.

$7,474.

$142,524.