Problem G-The following facts relate to Sydney Company for the year 2019: P400.000 0 1,600,000 1,750,000 Deferred tax liability, January 1, 2019 Deferred tax asset, January 1, 2019 Taxable income for 2019 Pretax financial income Cumulative temporary difference at 12/31/19 giving rise to future taxable amount Cumulative temporary difference at 12/31/19 giving rise to future deductible amount Income tax rate for all years 2,400,000 350,000 32% What is the increase or decrease in deductible amount? H2 000 Problem G-The following facts relate to Sydney Company for the year 2019: P400.000 0 1,600,000 1,750,000 Deferred tax liability, January 1, 2019 Deferred tax asset, January 1, 2019 Taxable income for 2019 Pretax financial income Cumulative temporary difference at 12/31/19 giving rise to future taxable amount Cumulative temporary difference at 12/31/19 giving rise to future deductible amount Income tax rate for all years 2,400,000 350,000 32% What is the increase or decrease in deductible amount? H2 000