The following facts relate to Blue River Incorporation: 1) Deferred tax asset, January 1, 2020, 32,000. 2) Pretax financial income for 2019, 250,000. 3) Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, 40,000. 4) Tax rate for all years, 40%. 5) The company is expected to operate profitably in the future. REQUIRED: c) Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income taxes." (2 Mark