Question 2 Kensington had this info at the end of 2023, its first year of operations Not yet answered Points out of 3.00 Pretax book income Unearned Revenue Excess of tax over book depreciation Fine paid due to violation of laws $ 800,000 100,000 200,000 300,000 Flag question No other permanent or temporary differences exist. The unearned revenue will be earned in 2026; the depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable. The 12/31/23 Income Tax Payable is: Select one: O a. $60,000 O b. $240,000 O c. $210,000 O d. $180,000 O e $300,000 For an operating lease, which statement is TRUE? estion 3 yet wered nts out of Flag question Select one: O a. The Right of Use asset amortization amount will decrease each year, O b. Annual Lease Expense will be the amortization of the Right of Use asset less that year's interest expense. O c The recorded Lease Expense amount will be the same each year. O d. The annual amortization of the Right of Use asset will be debited to Amortization Expense each year, O e. To compute the cost of the Right of Use asset, the lessee will use the incremental rate. if known