The following information is provided for Able Ltd:

Taxable income for the year is $$400,000$

There was an increase in deferred tax asset for the year of $$80,000$

There was a decrease in deferred tax liability for the year of $$30,000$

There was a gain on revaluation of plant $($before tax$)$ of $$90,000$

Tax rate is $30\%$

What is the income tax expense of Able Ltd for the year in accordance with the requirements of AASB$112$ Income Taxes?

Decrease $$17,000$

Increase $$37,000$

Decrease $$97,000$

Decrease $$43,000$