5 Foltz Corp's 2021 income statement had pretax financial income of $500,000 in its first year of operations. Faltz uses an accelerated cost recovery method on its tax return and straight-line depreciation for financial reporting The differences between the book and tax deductions for depreciation over the five-year life of the assets acquired in 2021, and the enacted tax rates for 2021 to 2025 are as follows: Book Over (Under Tax Tax Rates 2021 S(100,000) 254 2022 (130,000) 20% 2023 (30.000 2005 2024 120,000 20% 2025 140,000 20% There are no other temporary differences In Fallz's December 31 2021 balance sheet the noncurrerit deferred income tax liability and the income taxes currently payable should be Noncurrent Deferred In: , Income Tax Liability Currently Payable S52 000 S80 000 b. S52 000 $100 000 $20,000 $a 000 d $20.000 $100,000 5. .. Didde Corp. prepared the following reconciliation of income per books with income per tax return for the year ended December 31, 2021: $2.700.000 Book income before income taxes Add temporary difference Construction contract revenue which will reverse in 2022 240.000 Deduct temporary difference Depreciation expense which will reverse in cqual amounts in each of the next four years 1960, 2000) $1 980 000 Didde's effective income tax rate is 25% for 2021. What amount should Didde report in its 2021 income statement as the current provision for income taxes? a. S 60,000 Taxable income b. $495.000 $875 000 d $735,600