Multiple Choice Question 66 Crane Corporation prepared the following reconciliation for its first year of operations: Pretax financial income for 2018 Tax exempt interest Originating temporary difference Taxable income $1750000 (149000) (348000) $1253000 The temporary difference will reverse evenly over the next 2 years at an enacted tax rate of 40%. The enacted tax rate for 2018 is 28%. What amount should be reported in its 2018 Income statement as the deferred portion of income tax expense? $139200 credit $501200 debit $490000 debit $700000 credit UNK TO TEXT