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

Pretax accounting income $340,000

Permanent difference (14,400)

325,600

Temporary difference-depreciation (20,700)

Taxable income $304,900

Tringali's tax rate is 31%. Assume that no estimated taxes have been paid. What should Tringali report as income tax payable for its first year of operations?

$105,400.

$6,417.

$100,936.

$94,519.