7. At the end of the year, Badger Corporation has pretax financial income of $550,000. Included in the $550,000 is $70,000 interest income on municipal bonds, $25,000 fine for dumping hazardous waste,...

7. At the end of the year, Badger Corporation has pretax financial income of $550,000. Included in the $550,000 is $70,000 interest income on municipal bonds, $25,000 fine for dumping hazardous waste, and depreciation of $60,000. Depreciation for tax purposes is $45,000. Compute income taxes payable, assuming the income tax rate is 30% for all periods. A. 156,000 B. 174,000 C. 148,500 D. 169,500 E.0