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Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 180,700 Permanent differences (14,600) 166,100
Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 180,700 Permanent differences (14,600) 166,100 Temporary difference-depreciation (10,800) Taxable income $ 155,300 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 As of December 31, 2021 $ $ 12,900 23,700 The enacted tax rate was 24% for 2020 and thereafter. What should be the balance in Kent's deferred tax liability account as of December 31, 2021? A) $4386. B) $23,700. C) $5688. D) None of these answer choices are correct
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