for the year ended Dec 31, Atlas Engineering reports pretax accounting income of 900,000. Selected information for 2018 from their records follows:

Interest income on municipal bonds. 23,000

Penalties expense due to air pollution. 9,000

Carrying amount of depreciable assets in excess of their tax basis at year-end. 88,000

Litigation expense on the income statement. 25,000

Actual litigation expenditures. 10,000

the tax rate is 25%.their records indicate a zero in deferred tax asset and 5,000 in deferred tax liability. respectively. what is 2018 net income