Mitchell Corporation prepared the following reconciliation for its first year of operations: Pretax financial income for 2011$900,000 Tax exempt interest(75,000) Originating temporary difference(225,000) Taxable income$600,000 The temporary difference will reverse evenly over the next two years at an enacted tax rate of 40%. The enacted tax rate for 2011 is 35%. What amount should be reported in its 2011 income statement as the deferred portion of income tax expense? $90,000 credit $105,000 credit $90,000 debit $120,000 debit In Mitchell's 2011 income statement, what amount should be reported for total income tax expense? $300,000 $330,000 $315,000 $210,000