Lyons Company deducts Insurance expense of $210,000 for tax purposes in 2018, but the expense is not yet recognized for accounting purposes. In 2019, 2020, and 2021, no insurance expense will be deducted for tax purposes, but $70,000 of insurance expense will be reported for accounting purposes in each of these years. Lyons Company has a tax rate of 40% and income taxes payable of $180,000 at the end of 2018. There were no deferred taxes at the beginning of 2018 Remaining Time: 3 hours, 09 minutes, 52 seconds. 5 Question Completion Status: talipt is the Ancont is the defavert the dateither at trova 83018? a) $84,000 b) $72,000 30,000 d. So AUFSTION 11 4 points Save