Required information In 2021, its first year of operations, a company reports taxable income of $85,000. The following items cause taxable Income to differ from pretax accounting Income: Rent paid in advance, $25,000 (for the use of a building in 2022) Interest earned on municipal bonds, $15,000 The company's tax rate is 25% for all years. Use the information above to answer the questions below. 16 What is pretax accounting Income for 2021? Click to select $125,000 $75,000 $63,760 395,000 $45,000 Required Information In 2021, its first year of operations, a company reports taxable income of $85,000. The following items cause taxable income to differ from pretax accounting income: Rent paid in advance, $25,000 (for the use of a building in 2022) Interest earned on municipal bonds, $15,000 The company's tax rate is 25% for all years. Use the information above to answer the questions below. The Journal entry to record income taxes in 2021 will include a: (click to Bloco credit to Deferred Tax Liability for $6,260 debit to Deferred Tax Asset for $6,260 credit to Deferred Tax Liability for $3,750 debit to Deferred Tax Asset for $3,750