Information for Clark Corp. for the year 2017:

Reconciliation of pretax accounting income and taxable income:

Pretax accounting income $180,000

Permanent differences (15000)

165,000

Temporary difference-depreciation (12000)

Taxable income

$153,000

Cumulative temporary differences - all from depreciation:

As of 12/31/16 $83,000

As of 12/31/17 $95,000

The enacted tax rate is 40% for 2017, 25% for 2018 and thereafter.

Calculate Clarks income tax expense for 2017.