QUESTION 34 Repeated from above Lyons Company deducts insurance expense of $126,000 for tax purposes in 2020, but the expense is not yet recognized for accounting purposes. In 2021 2022 and 2023, no insurance expense will be deducted for tax purposes, but $42,000 of insurance expense will be reported for accounting purposes in each of these years. Lyons Company has a tax rate of 40% and income taxes payable of $108,000 at the end of 2020. There were no deferred taxes at the beginning of 2020. What is the appropriate amount of the Cumulative Temporary Difference (CTD) at 12/31/22? If zero write 0. QUESTION 35 Repeated from above Lyons Company deducts Insurance expense of $126.000 for tax purposes in 2020, but the expense is not yet recognized for accounting purposes. In 2021 2022 and 2023, no insurance expense will be deducted for tax purposes, but $42.000 of insurance expense will be reported for accounting purposes in each of these years. Lyons Company has a tax rate of 40% and income taxes payable of $108,000 at the end of 2020. There were no deferred taxes at the beginning of 2020. If zero write 0. What is the appropriate amount of CTD at 12/31/23? If zero write 0. QUESTION 36 Lyons Company deducts insurance expense of $126,000 for tax purposes in 2020, but the expense is not yet recognized for accounting purposes. In 202 1.2022 and 2023, no insurance expense will be deducted for tax purposes, but $42,000 of insurance expense will be reported for accounting purposes In each of these years. Lyons Company has a tax rate of 40% and income taxes payable of 108,000 at the end of 2020. There were no deferred taxes at the beginning of 2020. If zero write 0. What is the appropriate amount of deferred taxes shown at 12/31/22