Anthony Lta began business on Jaruary 1,2019. At Decenber 31.2019. it had a 558.500 babance in the Deferred Tau Llability account that pertains to property, plant, and equipment xcquired on July 1. 2019 at a cont of 5900.000. The property, piant, and equipment is being depreclated on a straight Iline bakis over sicyears for financial reporting purposes, and is a Claws 8 -20\% aseet. for tau purposes. Anthomys incombe before income txx for 2020 was 160.000 Arthocry thd foliows aF 85 . The following items caused the ondy differences between accounting income before income tax and taxable income in 2020. 1. In 2020, the company pald 356,250 for rent; of this amount, 518,750 was expensed in 2020 . The other $37,500 will be expensed equally over the 2021 and 2022 acceunting periods. The full 556.250 wis deducted for tax purposes in 2020 2. Anthony ttdi pays $9,000 a year for a membershli in a local golk club for the companys president. 3. Anthony Ltd. now offers a one-year warranty on all its merchandise sold. Warranty expenies for 2020 were $9.000. Cash payments in 2020 for warranty repairs were $4.500. 4. Meals and entertainment expenses (only 50 of which are ever tax deductible) were $12,000 for 2020. The maximam allowable CCA was taken in 2020. There were no asset disposals tor 2020 . Assume the PDE is considered 5. "eligible equipment" for purposes of Accelerated livestment incentive funder the Alli instead ol using the half-year rule. companies are allowed a firstyear deduction using 1.5 times the standard CCA rate). Income tax rates have not changed since the company began operations. Calculate the balance in the Deferred Tax Asset or Deferred Tax Liability account at December 31,2020. Balance in deferred tax Calculate income taxpryabile hor 2020 linoweTaxpoyalite5 enter 0 for the ampunts.I Prepare the income tax expense section of the income statement for 2020 . begiering wishthe line -inconte betore insome tak" (Finter negative amounts using eleher a native sign preceding the number e.j. 45 or parentheies e-3. (45).) tax. IEnler nryetive amouents wing either a negative sign airecedinj the numtie eg, -45 er purenthesei es ( 45 ). Indicate hosw deferred taxes should be pretented on the December 31,202055 P Indirate how defferrod tawes should be pretented en the December 31, 2020 SFP Indicate how deferred taoes shodid be presented on the December 31, 2020 balance sheet if Anthory reported under ASPF