3 points Kraft Company made the following journal entry in late 2018 for rent on property it leases to Danford Corporation." Cash 150,000 Uneared Rent Revenue 150,000 The payment represents rent for the years 2019 and 2020, the period covered by the lease. Kraft Company is a cash basis taxpayer, Kraft has income tax payable of $230,000 at the end of 2018, and its tax rate is 35% What amount of income tax expense should Kraft Company report at the end of 2018? 132,500 177,500 203,750 282,500