Novak Inc. had accounting income of $ 152,000 in 2020. Included in the calculation of that amount is the CEO's life insurance expense of $ 4,864, which is not deductible for tax purposes. In addition, the undepreciated capital cost (UCC) for tax purposes is $13,200 lower than the net carrying amount of the property, plant, and equipment, although the amounts were equal at the beginning of the year. Assume the tax rate is 25%. Calculate the effective rate of income tax for Novak Inc. for 2020. Also make a reconciliation from the statutory rate to the effective rate, using percentages. (Round percentages to 1 decimal place, e.g. 15.2%.) % Effective tax rate Novak Inc. Reconciliation Statement For the Year 2020 Divided by Accounting Income @ 25% $ 152,000 $ % 4,864 % $ % At December 31, 2020, Pina Colada Corporation had an estimated warranty liability of $260,700 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until they are paid.) The tax rate is 25%. Calculate the amount that Pina Colada should report as a deferred tax asset at December 31, 2020. Deferred tax asset