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Moving to another question will save this Question 34 4 points Save Answer (4 points) Regal Corporation assessed that 30 of its research tax credit on its current year tax return was uncertain, but that it was more likely than not to be sustained on audit. Management at Regal determined the following assessment of the company's potential tax benefit from the credit and its probability of occurring. Potential Estimated Benefit $420,000 300,000 180,000 150,000 0 Individual Probability of Occurring (%) 19% 15 23 28 15 Cumulative Probability of Occurring (%) 19% 34 57 85 Question 34 of 41 100 Based on the above scenario, what amount of the tax benefit related to the uncertain tax position from the research tax credit can Regal Corporation recognize in calculating its income tax provision in the current year? Based on the above scenario, what amount of the tax benefit related to the uncertain tax position from the rese Corporation recognize in calculating its income tax provision in the current year? OI. $300,000 O II. $420,000 O III. $0 O IV. $150,000 OV. $180,000