At December 31, 2020, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2021,

Question:

At December 31, 2020, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2021, the deferred tax asset is $59,000. The corporation’s 2021 current tax expense is $61,000. What amount should Percheron report as total 2021 income tax expense?

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