Lane Co INCOME TAX WORKSHEET For the Three Years Ended April 30, Year 3 April 30, Year 1 April 30, Year 2 April 30, Year 3 Pretax financial income $900,000 $1,000,000 $1,200,000 Permanent differences 100,000 100.000 100,000 Temporary differences 200,000 100.000 150,000 Taxable income $600,000 $800,000 $950,000 Cumulative temporary differences (future taxable amounts) $200,000 $(2) $ 450,000 Tax rate 20% 25% 30% Deferred tax liability $ 40,000 $ 75,000 $ (4) Deferred tax expense $(3) Current tax expense $ (1) The tax rate changes were enacted at the beginning of each tax year and were not known to Lane at the end of the prior year. Items 1 through 4 represent amounts omitted from the worksheet. For each item, determine the amount omitted from the worksheet. Item Selection 1. Current tax expense for the year ended April 30, year 1. $ 2. Cumulative temporary differences at April 30, year 2. $ 3. Deferred tax expense for the year ended April 30, year 2. $ 4. Deferred tax liability at April 30. year 3. $