Question B Ivanhoe Co. at the end of 2020, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $3110000 Estimated litigation expense 4110000 Extra depreciation for taxes (6108000) Taxable income $ 1112000 The estimated litigation expense of $4110000 will be deductible in 2021 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $2036000 in each of the next 3 years. The income tax rate is 20% for all years. The deferred tax liability to be recognized is $1021600. $622000 $822000 $1221600 Open Show Work Click if you would like to Show Work for this question: SUBMIT ANSWER Question Attempts: 0 of 1 used