Lyons Company deducts insurance expense of 84.000 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 28,000 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 72,000 at the end of 2018. There were no deferred taxes at the beginning of 2018 1. What is the amount of the deferred tax liability at the end of 2018? 33.600 b. 28.800 c. 12,000 d 60 2 What is the amount of income tax expense for 2018? 105,600 100,800 14,000 d 72.000 10 11 14 15 16 17 18 19 Save and Subm Click Submit to complete this assessment Question 1 Question 19 5 points Save AI Use the following information for questions 1 and 2. Amman Co owns 40% of outstanding ordinary shares of Aqaba.co During 2020. Aquba, earns JD 50,000 and pays cash dividends of JD 40,000 1. If the beginning balance in the investment account was ID 130,000, the balance at December 31, 2020 should be JD 2 Amman Co should report investment revenue for 2020 of (JD) SEAW MOTUL MEU Amman Co owns 40% of outstanding ordinary shares of Acaba.co. During 2020, Aquba, earns JD 50,000 and pays cash dividends of JD 40,000 1. If the beginning balance in the investment account was JD 130,000, the balance at December 31, 2020 should be JD 2. Amman Co should report investment revenue for 2020 of (JD)