Question 2 For its first year of operations, Hale Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 400,000 Permanent difference (tax exempt interest revenue on municipal (14,900) bonds 385,100 Temporary difference-depreciation (depreciation in the tax return is (19.900) higher than in the accounting income) Taxable income s365.200 Hale's tax rate is 25. What should Hale report as its income tax expense for its first year of operations? 5100.000 54975 591.300 596,275 Moving to another question will save this response