On January 1, 2017, Abbey acquires 90 percent of Benjamin's outstanding shares. Financial information for these two companies for the veare 9017 and onis fallow... 12. What is the current Income Tax Payable for consolidated return 2018 ? A. $125,500 B. $129,000 C. $129,500 D. $94,500 E. $94,000 13. What is the current Income Tax Payable for Abbey's separate return 2018 ? A. $125,500 B. $129,000 C. $129,500 D. $105,000 E. $35,000 14. How much is the deferred amount for Abbeys' separate return 2018 ? A. Deferred Tax Asset $10,500 B. Deferred Tax Asset $30,000 C. Deferred Tax Liabilities $10,500 D. Deferred Tax Liabilities $30,000 E. $0 On January 1, 2017, Abbey acquires 90 percent of Benjamin's outstanding shares. Financial information for these two companies for the veare 9017 and onis fallow... 12. What is the current Income Tax Payable for consolidated return 2018 ? A. $125,500 B. $129,000 C. $129,500 D. $94,500 E. $94,000 13. What is the current Income Tax Payable for Abbey's separate return 2018 ? A. $125,500 B. $129,000 C. $129,500 D. $105,000 E. $35,000 14. How much is the deferred amount for Abbeys' separate return 2018 ? A. Deferred Tax Asset $10,500 B. Deferred Tax Asset $30,000 C. Deferred Tax Liabilities $10,500 D. Deferred Tax Liabilities $30,000 E. $0