After it's first year of operations, the end of 2021, Saskatchewan Corp. reconciled their "taxable" income and "pre-tax" accounting income in the following: || "Pre-tax" Accounting Income: $600,000 || "Instalment" Sales: $-1,200,000 || "Estimated" Lawsuit Expense: $1,500,000 || "Taxable" Income: $900,000 || They "estimate" a lawsuit expense of $1,500,000 will be deductible in 2023 when they expec to pay it. They will realize "instalment" sales at $600,000 in each of the next two years. Saskatchewan Corp's tax rate is 30% for all years. Saskatchewan Corp. will report total income tax expense on their 2021 income statement of: O $600,000 0 $300,000 O $180,000 $270,000 NOTE: QUESTIONS 12 & 13 SHARE THE SAME INFORMATION - NOTE THE QUESTION DIFFERENCE AT THE END. For it's first three years of operations, Jumper Co. reported the following results: || 2020 income before taxes - $20,000 || 2021 loss before taxes - $(180,000) || 2022 income before taxes - $200,000 || Throughout these 3 years, there were no reversible or permanent differences. Jumper has a tax rate of 30% for 2020 and 2021, and 40% for 2022, and assume that any "deferred" tax asset recognized is "more likely than not to be realized". What income (loss) is reported for 2021 if Jumper elects to use the carryback provisions? O Loss of $180,000 Loss of $174,000 0 Los of $110,000 0 $0 NOTE: QUESTIONS 12 & 13 SHARE THE SAME INFORMATION - NOTE THE QUESTION DIFFERENCE AT THE END. For it's first three years of operations, Jumper Co. reported the following results: || 2020 income before taxes - $20,000 ||| 2021 loss before taxes - $(180,000) || 2022 income before taxes - $200,000 || Throughout these 3 years, there were no reversible or permanent differences. Jumper has a tax rate of 30% for 2020 and 2021, and 40% for 2022, and assume that any "deferred" tax asset recognized is "more likely than not to be realized". What income (loss) is reported for 2021 if Jumper elects to use the carryforward provisions and NOT the carryback provisions? O Loss of $180,000 0 $0 O Loss of $116,000 0 Loss of $108,000 NOTE QUESTIONS 17 to 19 SHARE INFORMATION - NOTE THE QUESTION DIFFERENCE AT THE END \\ The information below relates to the Orange & Pear Co's (O&P) 2021 calendar year. O&P follows IFRS. : || Defined Benefit Obligation (DBO) - Jan 1 ... $360,000 || Fair Value (FV) of plan assets - Jan 1...350,000 || Current Service Cost...45,000 || "Contributions" to plan...62,500 || Actual (and expected) return on plan assets...28,000 || Past service costs (effective as of Jan 1)...5,000 || Actual benefits paid to retirees...48,000 || Assuming an interest (discount) rate of 9%, what is the Fair Value (FV) of the plan assets as of Dec 31, 2021? 0 $409,500 0 $437,500 O $392,500 o $402, 500