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Ayayai Corporation recorded warranty accruals as at December 31, 2020 in the amount of $150,300. This reversing difference will cause deductible amounts of $50,100 in
Ayayai Corporation recorded warranty accruals as at December 31, 2020 in the amount of $150,300. This reversing difference will cause deductible amounts of $50,100 in 2021, $35,100 in 2022, and $65,100 in 2023. No other reversing difference exists. Ayayai's accounting income for 2020 is $136,000 and $157,000 in each of 2021 and 2022 and the tax rate is 25%. There are no deferred tax accounts at the beginning of 2020. Ayayai Corporation was informed on December 31, 2021 that the enacted rate for 2022 and subsequent years is 28%. (a) Calculate the deferred tax balances at December 31, 2021, and 2022. 2021 2022 Deferred tax $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit
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