Begal Corporation paid $20,000 in January of 2011 for premiums on a two year life insurance policy which names the company as the beneficiary. Additonally, Begal Corporation financial statments for the year ended December 31, 2011, revelaed the company paid $105,000 in taxes during the year and also accrued estimated litigaton losses of $200,000. Assuming the lawsuit was resolved in Feb 2012 (at which time a $200,000 loss was recognized for tax purposes) and that Begals tax rate is 30 percent for both 2011 and 2012, what amount should Begal report as asset for net deferred income taxes on its 2011 balance sheet? A) $54,000 B) $57,000 C) $60,000 D)$ 66,000 2) Dodger corporation reported a loss for both financial reporting purposes and tax reporting purposes of $231,000 in 2011. For financial reporting purposes, Dodger reported income before taxes for the years 2008 - 2010 as listed 2008 - $66,000 2009 - $99,000 2010 - $132,000 Assum Dodgers tax rate is 30% in all periods, and the company uses the carryback provisions, what amount should appear in Dodgers statements for financial reporting purposes as a net loss in 2011? A) $0 B) $69,300 C) $161,700 D) $ 234,300 Please show all work for correct answers