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Blossom Corp. sold an investment on an installment basis. The total gain of $87,600 was reported for financial reporting purposes in the period of sale.

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Blossom Corp. sold an investment on an installment basis. The total gain of $87,600 was reported for financial reporting purposes in the period of sale. The company qualifies to use the installment-sales method for tax purposes. The installment period is 3 years; onethird of the sale price is collected in the period of sale. The tax rate was 40% in 2025 , and 20% in 2026 and 2027 . The 20% tax rate was (a1) - Your answer is partially correct. Calculate cumulative temporary differences for years 2025-2027. (Negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) Your answer is partially correct. Calculate cumulative temporary differences for years 2025-2027. (Negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Calculate deferred tax expense for 2025-2027. \begin{tabular}{lll} Deferred tax & for 2025 & $ \\ Deferred tax & for 2026 & $ \\ Deferred tax & for 2027 & $ \end{tabular}

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