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a a In its December 31, 2021, balance sheet, Nydia Co. had income taxes payable of $88,000 and a deferred tax asset of $20,000 before
a a In its December 31, 2021, balance sheet, Nydia Co. had income taxes payable of $88,000 and a deferred tax asset of $20,000 before determining the need for a valuation account. Nydia had reported a deferred tax asset of $15,000 and no valuation allowance at December 31, 2020. No estimated tax payments were made during 2021. At December 31, 2021, Nydia determined that it was more likely than not that 10% of the deferred tax asset would NOT be realized. In its 2021 income statement, what amount should Nydia report as total income tax expense? O $81,000 $85,000 $90,000 O $95,000
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