15

At the end of its first year of operations, ABC prepared the reconciliation of its book income and its taxable income for 2020 as follows: Income before taxes $1086271 Less: Exempt Dividend Income (50791) Unearned Rental Income 193302 Obligation for expenses of guarantees 249799 Less: Additional depreciation on the return (830795) Taxable Income $647786 Yo. The unearned rental income corresponds to the collection of a 6-month rent that covers the period from January 1, 2021 to June 30, 2021. ii. In 2021, $374,698.5 were disbursed to comply with the company's guarantees. However, the estimated expense for guarantees in the 2021 Statement of Income and Expenses was $224,819.1 iii. In 2021, the depreciation expense on the books is greater than that on the payroll by $104,524. The legislated tax rate (enacted tax rate) for the current period is 0.36. Congress has already drafted the bill to reduce the corporate tax rate to 0.25 effective next year. The project was approved shortly before the end of the second quarter of 2021. As of 12/31/2021, ABC's Statement of Financial Position will report a NET Deferred Tax Debt (DTL, net) for

a. 233202.96

b. 206547.65

c. 225486.50

d. 156587.85

e. 119118.00