Haag Corp.'s 2015 income statement showed pretax accounting income of $1,250,000. To compute the federal income tax liability, the following 2017 data were provided: Income from exempt municipal bonds $50,000 Depreciation deducted for tax purposes in excess of depreciation deducted for financial statement purposes $100,000 Estimated federal income tax payments made $250,000 Enacted corporate income tax rate 30% What amount of current federal income tax liability should have been included in Hagg's December 31, 2017, balance sheet?

$80,000

$110,000

$125,000

$330,000