11 EXXA had the following history of taxable income and rates paid: 20x1 taxable income of $150,000, rate of 37%; 20x2 $210, 000, rate of 35% and 20x3 $75, 000, rate of 34%. In 20x4, the company had taxable losses of $300,000 and the current tax rate in 2024 is 32%. What will be the entry to record the income tax expense (recovery) for 20X4? Multiple Choice Dr. Income taxes receivable $96, 000; Cr. Income tax expense (recovery) $96,000 O Dr. Income taxes receivable $108,000: Cr. Income tax expense (recovery) $108,000 Dr. Income taxes receivable $129,000; Cr. Income tax expense (recovery) $129,000 Dr Deferred tax asset $96, 000 Cr Income tax expense (recovery) $96, 000