The payment represents rent for the years 2026 and 2027 , the period covered by the lease. Wildhorse is a cash basis taxpayer. Wildhorse has income tax payable of $227000 at the end of 2025 , and its tax rate is 25%. What amount of income tax expense should Wildhorse Company report at the end of 2025 ? $116750$190250$208625$263750