In January of Year 1, Oak Company received a payment in the amount of $8,000 for services to be provided evenly over four years, so that Oak will record revenue for financial accounting of $2,000 in each of Years 1 through 4. For Year 2, Oak's taxable income was $120,000. Oak's tax rate is 20%. What amount of income tax expense will Oak report for Year 2? $24,400 O $23,600 O $24,800 O $24.000