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 810,2024 a. Calculate Duck's net income from the concert for tax purposes for 2023. 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 $ and the cost of the deferral to Duck is $