1.Rey Company prepared the following reconciliation for the first year of operations:

Pretax financial income1,600,000

Nontaxable interest received( 50,000)

Long-term loss accrual in excess of deductible amount100,000

Depreciation in excess of financial depreciation( 250,000)

Taxable income (Tax rate is 30%)1,400,000

What amount should be reported as deferred tax asset?

a.45,000

b.30,000

c.90,000

d.75,000

What amount should be reported as current tax expense?

A.420,000

B.495,000

C.480,000

D.465,000

What amount should be reported as total income tax expense?

A.495,000

B.465,000

C.480,000

D.420,000