Current Attempt in Progress

Cullumber Corporation has a deferred tax asset at December $31,2026$ of $$260000$ due to the

recognition of potential tax benefits of an operating loss carryforward. The enacted tax rates are as

follows: $30\%$ for $2023-2025$;$25\%$ for $2026$; and $20\%$ for $2027$ and thereafter. Assuming that

management expects that only $50\%$ of the related benefits will be realized, a valuation account should

be established in the amount of

$$45500.$

$$39000.$

$$130000.$

$$52000.$