Green Corporation reported pretax book income of $1,006,000. During the current year, the net reserve for warranties increased by $25,300. In addition, tax depreciation exceeded book depreciation by $101,500. Finally, Green subtracted a dividends received deduction of $25,150 in computing its current year taxable income. Using a tax rate of 34%, Green's cash tax rate is:

33.15%

31.42%

30.57%

34%