In 2009, Bodily Corporation Reported $300,000 Pretax Accounting Income

In 2009, Bodily Corporation reported $300,000 pretax accounting income. The income tax rate for that year was 30%. Bodily had an unused $120,000 net operating loss carryforward from 2007 when the tax rate was 40%. Bodily's income tax payable for 2009 would be

A) $54,000
B) $42,000
C) $90,000
D) $72,000 ($300,000 120,000) 30%