Kent Inc.'s reconciliation between financial statement and taxable income for 2017 follows $150,000 (12,000) 138,000 (9,000 $129,000 Pre-tax financial income Permanent difference Temporary difference-depreciation Taxable income Additional Information: At December 31 2016 2017 Cumulative temporary difference (future taxable amounts) $20,000 $11,000 The enacted tax rate is 35% Required: 1. In its December 31, 2017, balance sheet, what amount should Kent report as its deferred tax liability? 2. In its 2017 income statement, what amount should Kent report as the current portion of income tax expense