Prance, Inc., earns pretax book net income of $1,381,000 in 2019. Prance acquires a depreciable asset that year, and first-year tax depreciation exceeds book depreciation by $138,100. Prance reported no other temporary or permanent book-tax differences. The pertinent U.S. Federal corporate income tax rate is 21%, and Prance earns an after-tax rate of return on capital of 8%. Enter below Prance's 2019 deferred tax expense and any deferred tax asset or liability. If required, round your answer to nearest whole value. Balance Sheet Deferred tax liability Income Statement Deferred tax expense Prance's total tax expense will consist of the following: Current tax expense IPO Deferred tax expense Total tax expense Mini, Inc., earns pretax book net income of $1,948,000 in 2019. Mini deducted $177,200 in bad debt expense for book purposes. This expense is not yet deductible for tax purposes. Mini reports no other temporary or permanent differences. The U.S. Federal corporate income tax rate is 21%, and Mini earns an after-tax rate of return on capital of 8%. Enter below the 2019 deferred tax expense, total tax expense, and deferred tax assets and liabilities. Balance Sheet Deferred tax asset Income Statement Deferred tax benefit UNI Mini's total tax expense will be: Current tax expense Deferred tax benefit Total tax expense Prance, Inc., earns pretax book net income of $1,281,000 in 2019. Prance acquires a depreciable asset in 2019, and first-year tax depreciation exceeds book depreciation by $128,100. In 2020, Prance reports $896,700 of pretax book net income, and the book depreciation exceeds tax depreciation that year by $32,025. Prance reports no other temporary or permanent book-tax differences. Assume the pertinent U.S. Federal corporate income tax rate is 21% and Prance earns an after-tax rate of return on capital of 8%. Enter below the 2020 Prance's deferred tax expense and any deferred tax asset or liability If an amount is zero, enter "0". If required, round your answer to nearest whole value. Deferred tax asset account balance a. b. Deferred tax liability account balance c. In net present value terms, what has been the value to Prance of accelerating $32,025 of 2020 book depreciation to 2019? The present value factor at 8% is 0.9259