Multiple Choice:

A) $20,900

B) $36,500

C) $5,225

D) $9,125

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income Permanent difference $340,000 (15,600) 324,400 (20,900) $303,500 Temporary difference-depreciation Taxable income Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its deferred income tax liability as of the end of its first year of operations