Rollings Corp.'s 2020 income statement had pretax financial income of $500,000 in its first year of operations. Rollings uses an accelerated cost
recovery method on its tax return and straight-line depreciation for financial reporting. The differences between the book and tax deductions
for depreciation over the five-year life of the assets acquired in 2020, and the enacted tax rates for 2020 to 2024 are as follows:
		Book Depreciation
		Over (Under) Tax			Tax Rates
	2020		(100,000)		35%
	2021		(130,000)		30%
	2022		(30,000)		30%
	2023		120,000		30%
	2024		140,000		30%
There are no other temporary differences. In Rollings's December 31, 2020 balance sheet, the noncurrent deferred income tax liability and
the income taxes currently payable should be
	Deferred Income		Income Taxes
	Tax Liability		Currently Payable
a.	$78,000		$100,000
b.	$78,000		$140,000
c.	$30,000		$120,000
d.	$30,000		$140,000