In 2007, the first year of its operation, Admire Company accrued, for financial statement reporting, estimated losses on disposal of unused plant facilities of $50,000. The facilities were sold in March 2008 and a $50,000 loss was recognized for tax purposes. Assuming that the enacted tax rate is 35% in 2007 and 30% in 2008, and that Admire taxable income is $300,000 in 2007, the 2007 income tax expense should be?