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Information for Kent Corp. for the year 2018: Reconciliation of pretax accounting income and taxable income: $178,500 Pretax accounting income (13,800) Permanent differences 164,700 (12,700)

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Information for Kent Corp. for the year 2018: Reconciliation of pretax accounting income and taxable income: $178,500 Pretax accounting income (13,800) Permanent differences 164,700 (12,700) Temporary difference-depreciation $152,000 Taxable income Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2017 $13,200 As of December 31, 2018 $25,900 The enacted tax rate was 23% for 2017 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2018? Multiple Choice The enacted tax rate was 23% for 2017 and thereafter What should Kent report as the current portion of its income tax expense in the year 2018? Multiple Choice $34,960. None of these answer choices are correct. $37,881 $41,055

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