Duck, an accrual basis corporation, sponsored a rock concert on December 29, 2023. Gross receipts were $300,000. The following expenses were incurred and paid as indicated: Because the coliseum was not scheduled to be used again until January 15, the company with which Duck had contracted did not perform the cleanup until January 8-10, 2024. a. Calculate Duck's net income from the concert for tax purposes for 2023. If an amount is zero, enter " 0 ". b. What is the true cost to Duck if it had to defer the $100,000 deduction for the performers until 2024? Assume a 5% discount rate and a 21% marginal tax rate in 2023 and 2024. The present value factor for a single sum at 5% for one year is 0.9524 . If required, round your answers to the nearest dollar. The present value of the 2024 tax savings is $ Duck is $ and the cost of the deferral to