Lent Corporation Converts to S Corporation Status in 2019

Multiple Choice

Lent Corporation converts to S corporation status in 2019. Lent had been using the LIFO inventory method and held a LIFO inventory value of $510,000 (FIFO value of $650,000) . How much tax must be added to the C corporation tax liability for the year before the S election in 2020?

A) $-0-.
B) $7,350.
C) $29,400.
D) $140,000.