EXXA had the following history of taxable income and rates pald: 20x1 taxable income of $150, 000, rate of 37%; 20x2 $50, 000, rate of 35% and 20x3 $75, 000, rate of 34%. In 20X4, the company had taxable losses of $300,000 and the current tax rate in 2074 is 32%. What will be the entry to record the income tax expense (recovery) for 20x4 assuming that the loss carryfoward will not be probably realized? Multiple Choice Dr. Income taxes receivable $88,000; C. Income tax expense (recovery) $88,000 Dr. Income taxes receivable $96.000: C Income tax expense (recovery) $96,000 Dr. Income taxes receivable $98,500; Cr. Income tax expense (recovery) $98,500 Dr. Income taxes receivable $88.000; Dr. Deferred tax asset $8000 Cr. Income tax expense (recovery) $98,500