4. Pop Corporation owns 35 percent of the voting stock of Son Corporation, a domestic corporation. During 2016, Son reports net income of $200,000 and pays dividends of $100,000. Pop’s effective income tax rate is 34 percent.

What amounts should Pop record as income taxes currently payable and as deferred income taxes from its investment in Son?

a $34,000 and $0, respectively b $11,900 and $11,900, respectively c $6,800 and $6,800, respectively d $2,380 and $2,380, respectively