The Clear Lake Corporation Reported the Following Differences Between Its

The Clear Lake Corporation reported the following differences between its taxable income and pretax financial income for the year ended December 31, 2010: $30, 000 of additional depreciation for tax purposes, $40, 000 of rent collected in advance (taxable when received) , and $38, 000 of tax-exempt municipal interest revenue.Assuming an income tax rate of 30% for all years and a taxable income of $190, 000 for the year ended December 31, 2010, income tax expense for 2010 would be

A) $54, 000
B) $65, 400
C) $71, 400
D) $78, 400