Equipment was purchased at the start of the year. Depreciation recognized throughout the useful life of the equipment could result in 0 Taxable Temporary Differences - No / Deductible Temporary Differences - No O Taxable Temporary Differences - No / Deductible Temporary Differences - Yes 0 Taxable Temporary Differences - Yes / Deductible Temporary Differences - Yes O Taxable Tem Prary Differences - Yes / Deductible Temporary Differences - No During 2021, GME Corp. reported a depreciation expense of $800,000 on its income statement. On its 2021 income tax return, GME claimed CCA of $1,200,000. Also included in the 2021 income statement was $150,000 in accrued warranty expense. This will be deducted for tax purposes when paid. GME's income tax rates are 30% for 2021 and 2022, and 24% for 2023 and 2024. Over the next 3 years, the depreciation difference and warranty expense will reverse as follows: || 2022 - Depreciation Difference $160,000 / Warranty Expense - $30,000 || 2023 - Depreciation Difference $140,000 / Warranty Expense - $50,000 || 2024 - Depreciation Difference $100,000 / Warranty Expense - $70,000 || These are GME's only "reversible" differences. As of Dec 31, 2021, GME's deferred tax liability should be: O $75,000 O $133,800 O $67,800 O $73,200 After it's first year of operations, the end of 2021, Saskatchewan Corp. reconciled their "taxable" income and "pre-tax" accounting income in the following: 1| "Pre-tax" Accounting Income: $600,000 II "Instalment Sales: $-1,200,000 || "Estimated" Lawsuit Expense: $1,500,000 || "Taxable" Income: $900,000 || They "estimate a lawsuit expense of $1,500,000 will be deductible in 2023 when they expect to pay it. They will realize "instalment sales at $600,000 in each of the next two years. Saskatchewan Corp's tax rate is 30% for all years. Saskatchewan Corp. will report total income tax expense on their 2021 income statement of: O $600,000 O $300,000 O $180,000 O $270,000