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Granger Company is subject to a 3 5 % tax rate and reported the following items below related to its 2 0 2 4 income

Granger Company is subject to a 35% tax rate and reported the following items below related to its 2024 income tax expense calculations. how much was is income tax expense in 2024?
2024 Taxable Income: $120,000
Deferred Tax Liability January 1,2024: $50,000
Deferred Tax Liability December 31,2024: $55,000
Increase in deferred tax asset 2024: $6,000
Answer Options:
A.$53,000
B. $41,000
C. $43,000
D. $42,000

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