. The Lion Corporation reported the following differences between its taxable income and pretax financial income for the year ended December 31, 2019: $20,000 of additional depreciation for tax purposes; $40,000 of rent collected in advance (taxable when received); and $28,000 of tax-exempt municipal interest revenue. Assuming an income tax rate of 30% for all years and a taxable income of $160,000 for the year ended December 31, 2019, income tax expense for 2019 would be

a.	$42,000
b.	$48,000
c.	$50,400
d.	$74,400