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For calendar year 2021, Blossom Corp.reported depreciation of $1700000 in its income statement. On its 2021 income tax return, Blossom reported depreciation of $2590000. Blossom's

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For calendar year 2021, Blossom Corp.reported depreciation of $1700000 in its income statement. On its 2021 income tax return, Blossom reported depreciation of $2590000. Blossom's income statement also included $330000 accrued warranty expense that will be deducted for tax purposes when paid. Blossom's enacted tax rates are 20% for 2021 and 2022, and 15% for 2023 and 2024. The depreciation difference and warranty expense will reverse over the next three years as follows: 2022 2023 2024 Depreciation Difference $350000 310000 230000 $890000 Warranty Expense $70000 110000 150000 $330000 These were Blossom's only temporary differences. In Blossom's 2021 income statement, the deferred portion of its provision for income taxes should be $98000. $183000. $112000. $108000

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