In 2018, Bodily Corporation reported $250,000 pretax accounting income. The income tax rate for that year was 27%. Bodily had an unused $114,000 net operating loss carryforward from 2016 when the tax rate was 32%. Bodily's income tax payable for 2018 would be:

Multiple Choice

• $36,720.

• $43,520.

• $42,320.

• $70,000.