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

Pretax accounting income	$	350,000
Permanent difference		(14,500	)
		335,500
Temporary difference-depreciation		(19,100	)
Taxable income	$	316,400

Tringali's tax rate is 39%. Assume that no estimated taxes have been paid. What should Tringali report as income tax payable for its first year of operations?

Multiple Choice

a) $130,845.

b) $136,500.

c) $123,396.

d) $7,449.