3. On January 1, 2021, Gore, Inc. purchased a machine for $2,250,000 which will be depreciated $225,000 per year for financial statement reporting purposes. For income tax reporting, Gore elected to expense $250,000 and to use straight-line depreciation which will allow a cost recovery deduction of $200,000 for 2021. Assume a present and future enacted income tax rate of 20%. What amount should be added to Gore's deferred income tax liability for this temporary difference at December 31, 2021? a. $90,000 b. $50,000 C. $45,000 d. $40,000 4 On January 1, 2021, Piper Corp. purchased 25% of the voting common stock of Betz, Inc. and appropriately accounts for its investment by the equity method. During 2021, Betz reported earnings of $1,200,000 and paid dividends of $400,000. Piper assumes that all of Betz's undistributed earnings will be distributed as dividends in future periods when the enacted tax rate will be 20%. Ignore the dividend-received deduction. Piper's current enacted income tax rate is 15%. The increase in Piper's deferred income tax liability for this temporary difference is a $160,000 b. $120,000 C. $60,000 d. $40,000