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

Pretax accounting income	$	200,000
Permanent difference		(15,800)
		184,200
Temporary difference-depreciation		(20,600)
Taxable income	$	163,600

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?

		$40,900.
		$5150.
		$46,050.
		$50,000.