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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: 3 Pretax accounting income Permanent difference

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For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: 3 Pretax accounting income Permanent difference $400,000 (15,300) 384,700 (19,900) $364,800 45 points Temporary difference-depreciation Taxable income 8 orsan Tringall's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its deferred Income tax liability as of the end of its first year of operations? Multiple Choice $35,200 O 58.800 $19.900 54,975

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