DAC reported pre-tax accounting income of $300,000 for the calendar year 2020. To calculate the income tax liability, the following data were considered:

CCA in excess of depreciation $20,000

Instalment of advance tax payments made during 2020 $25,000

Enacted income tax rate for 2020 30%

What amount should DAC report as its current income tax liability on its December 31, 2020 Balance Sheet?

Select one:

a. $20,000

b. $26,000

c. $59,000

d. $51,000

e. The current income tax liability cannot be determined from the information given.