The following facts relate to Pearl Corporation. 1. Deferred tax liability, January 1, 2020, $44,400. 2. Deferred tax asset, January 1, 2020, $0. 3. Taxable income for 2020, $105,450. 4. Pretax financial income for 2020, $111.000. 5. . Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $266,400. . 6. Cumulative temporary difference at December 31, 2020 giving rise to future deductible amounts, $38.850. 7 Tax rate for all years, 20%. B The company is expected to operate prohtably in the future. Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income taxes (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Pearl Corporation Income Statement (Partial) For the Year Ended December 31, 2020 v Income before Income Taxes Income Tax Expense > Deferred > $ Current