Lyons Company deducts insurance expense of $210,000 for tax purposes in 2021, but the expense is not yet recognized for accounting purposes. In 2022, 2023, and 2024, no insurance expense will be deducted for tax purposes, but $70,000 of insurance expense will be reported for accounting purposes in each of these years. Lyons Company has a tax rate of 20% and income taxes payable of $180,000 at the end of 2021. There was a deferred tax liability of $12,000 at the beginning of 2021 which reversed in 2021. What is the amount of income tax expense for 2021? Select one: O A. $210,000 B. $222,000 O C. $234,000 OD. $180,000