Foltz Corp.'s 2021 income statement had pretax financial income of $500000 in its first year of operations. Foltz uses an accelerated cost recovery method on its tax return and straight-line depreciation for financial reporting. The differences between the book and tax deductions for depreciation over the five-year life of the assets acquired in 2021, and the enacted tax rates for 2021 to 2025 are as follows: Tax Rates 2021 25% Book Over (Under) Tax $(100000) (130000) (30000) 120000 2022 2023 2024 2025 20% 20% 20% 20% 140000 There are no other temporary differences. In Foltz's December 31, 2021 balance sheet, the noncurrent deferred income tax liability and the income taxes currently payable should be Noncurrent Deferred Income Tax Liability. Income Taxes Currently Payable $52000 $100000 $20000 $80000 $20000 $100000 $52000 $80000