1. Delta Corporation has a financial pretax income of $600,000 for 2021. There are two differences between financial pretax income and taxable income. a. Revenue differences cause taxable income to be greater than financial income by $44,000. This reverses equally over the next two years. b. Depreciation on the tax return is $20,000 higher than the amount reported on the financial statements. The difference reverses equally over the next two years. The company's tax rate for 2021 is 20% and will be the same for all future years. The company expects to be profitable in future years. Required: a. Compute taxable income, deferred tax liability, and deferred tax asset b. Answer the following questions Taxable Income Deferred Tax Liability Deferred Tax Asset