Answer:
Pre Tax Financial Income = $27,00,000
(-) Gain on involuntary conversion = $11,10,000
(-) Depreciation = $2,31,000
Net Financial income $13,59,000
Total Tax Liability $5,43,600 (13,59,000 * 40%)
(-) Estimated Tax Payments $2,91,000
Balance Outstanding Liability of Oriole Corp. $2,52,600.
Option 3rd is correct. i.e $2,52,600
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