For its first year of operations, Tringall Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income Permanent difference Temporary difference-depreciation Taxable income $230,000 (14,000) 216,000 (19,300) $196,700 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringall report as its income tax expense for its first year of operations? Multiple Choice $4,825 $57,500. 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? Multiple Choice $4,825. $57,500. $49,175. $54,000