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.