Cell Image Corp. reported a deferred tax liability of $115,000 in 205, caused by equipment with a UCC of $1,595,000 and net book value of $2,170,000. The tax rate was 20%. In 20X6 accounting earnings were $540,000, depreciation expense was $245,000, and CCA was $390,000. The tax rate is 30%. Required 1. Calculate tax payable. Income tax payable 2. Calculate the tax basis of the equipment. (Enter your answers in thousands.) Tax basis 3. Calculate the accounting basis of the equipment. (Enter your answers in thousands.) ounting basis 4. Calculate the amount of the deferred income tax adjustment. (Enter your answers in thousands. Round your answer to 1 decimal places.) Deferred income tax adjustment 5. Calculate the amount of the adjustment in requirement 4 that was caused by the (a) change in the tax rate and (b) new temporary difference. (Amounts to be deducted should be indicated with a minus sign.) aChange in the tax rate b. New temporary difference 6. Calculate tax expense for 20X6 ax expense Cell Image Corp. reported a deferred tax liability of $115,000 in 205, caused by equipment with a UCC of $1,595,000 and net book value of $2,170,000. The tax rate was 20%. In 20X6 accounting earnings were $540,000, depreciation expense was $245,000, and CCA was $390,000. The tax rate is 30%. Required 1. Calculate tax payable. Income tax payable 2. Calculate the tax basis of the equipment. (Enter your answers in thousands.) Tax basis 3. Calculate the accounting basis of the equipment. (Enter your answers in thousands.) ounting basis 4. Calculate the amount of the deferred income tax adjustment. (Enter your answers in thousands. Round your answer to 1 decimal places.) Deferred income tax adjustment 5. Calculate the amount of the adjustment in requirement 4 that was caused by the (a) change in the tax rate and (b) new temporary difference. (Amounts to be deducted should be indicated with a minus sign.) aChange in the tax rate b. New temporary difference 6. Calculate tax expense for 20X6 ax expense