Marlin Corporation reported pretax book income of $1,002,000. During the current year, the net reserve for warranties increased by $25,400. In addition, book depreciation exceeded tax depreciation by $100,200. Finally, Marlin subtracted a dividends received deduction of $15,200 in computing its current year taxable income. Marlin's current income tax expense or benefit would be:

Multiple Choice

• $236,796 tax expense.

• $233,604 tax expense.

• $210,420 tax expense.

• $206,157 tax expense.