Deferred Tax Liabilities 12/31/2012 12/31/2011 Insurance Receivables $(60) $(63) Depreciation $(858) $(745) Other $(808) $(883) Total Deferred Tax Liabilities $(1,726) $(1,691) Pearsall Telecom had the following lines in its Statement of Cash Flows: 2012 2011 Net Income $4,511 $4,357 Depreciation $1,288 $1,236 Pearsall Telecom is a US company with a 35% Federal Statutory Tax Rate. What was Pearsall Telecom's depreciation expense for tax purposes in fiscal year 2012? $1,288 O $1,611 O $1,401 $1,175 O $965