Ivanhoe Corp.'s 2021 income statement showed pretax accounting income of $ 2700000. To compute the federal income tax liability, the following 2021 data are provided: Income from exempt municipal bonds $ 102000 Depreciation deducted for tax purposes in excess of depreciation deducted for financial statement purposes 220000 Estimated federal income tax payments made 240000 Enacted corporate income tax rate 20% What amount of current federal income tax liability should be included in Ivanhoe's December 31, 2021 balance sheet?

a $ 235600

b $ 475600

c $ 300000

d $ 279600