Question 3 The first year of operations for Grayton Company is 2024. Given this information for 2024: Time left 0:43:44 Not yet answered Points out of 200 Pretax book income Estimated litigation expense Excess of tax over book depreciation $800,000 100,000 200,000 Flag question Interest Income on municipal bonds 300,000 No other permanent or temporary differences exist. The litigation item will be paid in 2027. The depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable. Indicate the proper deferred tax amount(s) to appear on the 12/31/24 balance sheet: Select one: O a. A noncurrent liability of $30,000 O b. A noncurrent liability of $60,000 O c A noncurrent liability of $120,000 O d. A current liability of $20,000 and a noncurrent liability of $10,000 O e. A noncurrent asset of $60,000 and a noncurrent liability of $30,000 Pretax Income (loss) Question 4 Not yet answered Points out of The Tempe Co. incurred the following income and losses 2023 $100 2024 2025 $60 ($200) 2.00 Rag question The Tax Rate is 40% in all years. If realization of future tax savings is assured beyond any doubt, what is the 2025 final net loss to appear on the income statement? Select one: O a $40 O b. $264 Oc$184 O d. $120 O $136