USE THE FOLLOWING FACT SET TO ANSWER THE NEXT 4 QUESTIONS - NOTE “E” is аn аnswer chоice The fоllоwing informаtion for Laurel Corporation for 2024 (its first year of operations): Excess of tax depreciation over book depreciation, $37,000. This $37,000 difference will reverse equally over the years 2025–2028. Rent revenue received in advance of $18,200. This rent revenue will be recognized in 2025. Pretax financial income, $296,200. The tax rate for all years is 20%. QUESTION --> The following year, in 2025, Laurel’s taxable income is $314,000. What is Laurel’s income tax expense in 2025?