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

Pretax accounting income	$	330,000
Permanent difference		(14,100	)
		315,900
Temporary difference-depreciation		(19,400	)
Taxable income	$	296,500

Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as income tax payable for its first year of operations?

Multiple Choice

• $74,125.

• $4,850.

• $82,500.

• $78,975.