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please answer Use the following information for questions 4-6: Jeff Co. prepared the following reconciliation of its pretax financial statement income to taxable income for

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Use the following information for questions 4-6: Jeff Co. prepared the following reconciliation of its pretax financial statement income to taxable income for the year ended 2018, its first year of operations. $160,000 5,000 10,000 25,000 Pretax Financial Income Interest Received on Municipal Bonds Loss accrual in excess of deductible amount Tax depreciation in excess of financial statement amount Current and future tax rate 20% 4. Jeff Co's 2018 taxable income is a. $140,000 b. $150,000 c. $170,000. d. $190,000. as income tax expense- current 5. In its 2018 income statement, what amount should Jeff report portion? a. $26,000 b. $28,000 c. $31,000 d. $32,000 6. In its December 31, 2018 balance sheet, what should Jeff report as deferred tax liability? a. $1,000 b. $2,000 c. $3,000 d. $5,000

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