For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income Permanent difference Temporary difference-depreciation Taxable income $300,000 (15,900) 284, 100 (21,000) $263,100 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its income tax expense for its first year of operations?

For its first year of operations. Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Tringali's tax rate is 25\%. Assume that no estimated taxes have been paid. What should Tringoli report as its income tax expense for its first year of operations