Wildhorse Company made the following journal entry in late 2025 for rent received on property it leases to Ivanhoe Corporation.

Cash 147000

Unearned Rent Revenue 147000

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

O $190250

$208625

O $263750