Pretax accounting income Permanent difference $400,000 (15,500) 384,500 (20,500) $364,000 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 income tax expense for its first year of operations? 1 O O O $9,000 O $5,125