Innove Corporation reported pretax book income of $500,000. During the current year, the reserve for bad debts increased by $5,000. In addition, tax depreciation exceeded book depreciation by $40,000. Finally, Innove received $3,000 of tax-exempt life insurance proceeds from the death of one of its officers. Using a tax rate of 21%, Innove's current income tax expense or benefit would be:

	A.	$115,080
	B.	$105,000
	C.	$97,020
	D.	$94,920