Johnson inc.'s sales for 2021 total 540,000. Included in this amount is 55,000 installment sales. installment sales are considered revenue for book purposes but not for tax purposes. none of the installment sales is collected during the current year. Operating expenses are 160,000 and are treated the same for book and tax purposes. Assuming a tax rate of 30% what is income tax payable?

A. 162,000

B. 145,000

C. 114,000

D. 97,500