Hoosier Incorporated is an Indiana corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year:

Item	Amount		Federal Treatment
Illinois Income Taxes	$	33,403	Deducted on federal return
Indiana Income Taxes	$	18,450	Deducted on federal return
Ohio Commercial Activity Tax	$	3,980	Deducted on federal return
Depreciation	$	41,000	Deducted on federal return
Illinois Municipal Bond Interest	$	9,960	Excluded from federal return
Indiana Municipal Bond Interest	$	15,250	Excluded from federal return
Federal T-Note Interest	$	2,480	Included on federal return

State depreciation expense was $51,000. Hoosier's Federal Taxable Income was $151,300. Calculate Hoosier's Illinois state tax base.

Multiple Choice

• $172,230.

• $174,710.

• $205,923.

• $208,403.