Use the Following Information for Questions 66 and 67

question 85

Multiple Choice

Use the following information for questions 66 and 67.
Mitchell Corporation prepared the following reconciliation for its first year of operations: The temporary difference will reverse evenly over the next two years at an enacted tax rate of 40%. The enacted tax rate for 2015 is 35%.
-In Mitchell's 2015 income statement, what amount should be reported for total income tax expense?

• A) $345,000
• B) $315,000
• C) $315,000.
• D) $227,500