n 2016, Bodily Corporation reported $300,000 pretax accounting income. The income tax rate for that year was 30%. Bodily had an unused $120,000 net operating loss carryforward from 2014 when the tax rate was 40%. Bodily's income tax payable for 2016 would be:

a. $90,000

b. $72,000

c. $54,000

d. $42,000