The following figures are reported by Payne Incorporated and its $80\%$ owned subsidiary, Shelley Company, for the year ended

December $31$ of the current year. Shelley paid dividends of $$25,000$ during the current year.

A goodwill impairment loss relating to Payne's takeover of Shelley is $$2,500$ per year. In the previous year, unrealized gains of

$$10,000$ on upstream transfers were deferred to the current year. In the current year, unrealized gains of $$5,000$ on upstream

sales were deferred to next year.

Assuming a $30\%$ income tax rate, what is the amount of income tax currently payable?

Multiple Choice

$$21,450$

$$22,200$

$$23,350$

$$24,000$

$$25,800$