E19.10 (LO 1,2) (Two Temporary Differences, One Rate, Beginning Deferred Taxes, Compute Pretax Financial Income) The following facts relate to Duncan Corporation. 1. Deferred tax liability, January 1,2020, $30,000. 2. Deferred tax asset, January 1, 2020, $10,000. 3. Taxable income for 2020, $105,000. 4. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $230,000 5. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $95,000. 6. Tax rate for all years, 20%. No permanent differences exist. 7. The company is expected to operate profitably in the future