A reconciliation of pretax financial statement income to taxable income is shown below for Fieval Industries for the year ended December 31, 2016, its first year of operations. The income tax rate is 40%. What amount(s) should Fieval report related to deferred income taxes in its 2016 balance sheet?

A reconciliation of pretax financial statement Income to taxable income Is shown below for Fleval industries for the year ended December 31, 2016, Its first year of operations The Income tax rate is 40%. Pretax accounting income (income statement) Interest revenue on municipal securities Warranty expense in excess of deductible amount Depreciation in excess of financial statement amount 25,000 axable income (tax return) $240,000 What amounts) should Fieval report related to deferred income taxes in its 2016 balance sheet? Current asset of $10,000 and noncurrent liablility of $28,000. Noncurrent lablity of S18,000 O Current asset or $4.000 and noncurrent liability or $28.000. Noncurrent liability of $24.000