Deferred Tax: The following information is provided from Feb Corp.'s financial statements of 2018-2020. The company began operation in 2018. 2020 2019 2018 Year Accounting Income Taxable Income Tax Rate 175,000 205,000 25% 175,000 185,000 25% 175,000 95,000 25% The difference between taxable income and accounting income is due to one temporary item. Identify the amount of the originating difference or reversing difference for 2018, 2019, 2020, Year 2018 Choose... Year 2019 Choose. Year 2020 Choose... + Choose... 80,000 reversing 10,000 reversing 30,000 reversing 80,000 originating 30,000 originating 10,000 originating Calculate Deferred Tax Asset or Liability Balance at end of each year. Year 2018 Choose... Year 2019 Choose... Year 2020 Choose... Choose... 20,000 Credit 17,500 Credit 20,000 Debit 10,000 Credit 10,000 Debit 17,500 Debit Suppose that, in 2020, Company A's Current Tax Expense is 120,000 and Deferred Tax Benefit is 40,000. What is the total income tax expense of Company A for 2020? Select one: O a. 160,000 O b. 80,000 O c. 40,000 O d. 120.000 Determine in which statement, the following items will appear. Deferred Tax Asset Choose... Taxable income Choose... Accounting Income Choose... Current Tax Expense Choose.. Deferred Tax Benefit Choose... Choose... Not applicable Balance Sheet Income Statement . . Based on the deferred tax problem, determine what will be the deferred tax expense or benefit for 2020. Select one: O a. Deferred Tax Benefit: 7,500 o b. Deferred Tax Expense: 2,500 O c. Deferred Tax Expense: 7,500 O d. Deferred Tax Benefit: 2.500