Swifty Inc. had accounting income of $157,000 in 2020. Included in the calculation of that amount is the CEO's life insurance expense of $3,140, which is not deductible for tax purposes. In addition, the undepreciated capital cost (UCC) for tax purposes is $13,100 lower than the net carrying amount of the property, plant, and equipment, although the amounts were equal at the beginning of the year. Assume the tax rate is 25%. Calculate the effective rate of income tax for Swifty Inc. for 2020. Also make a reconciliation from the statutory rate to the effective rate, using percentages. (Round percentages to 1 decimal place, e.g. 15.2%.) Effective tax rate % Swifty Inc. Reconciliation Statement For the Year 2020 Divided by @ 25% Accounting Income $157,000 $ % 3,140 $ % %