Jaboy Inc. was incorporated three years ago. In its first year, Jaboy capitalized $72,000 organizational and start-up cost However, it expensed these costs for financial statement purposes. Which of the following statements is true? As a result of the accounting difference three years ago, Jaboy has a $4,800 favorable book/tax difference in the current year. As a result of the accounting difference three years ago, Jaboy has a $4,800 unfavorable book/tax difference in the current year. The accounting difference three years ago has no book/tax consequence in the current year. None of the above is true