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The Peanut Butter & Jam Company had a deferred income tax asst of $102194 at the beginning of the fiscal year. During the year, the
The Peanut Butter & Jam Company had a deferred income tax asst of $102194 at the beginning of the fiscal year. During the year, the Company reversed a taxable temporary difference of $68666 The tax rate went from 30% in the prior year to 35% in the current year. REQUIRED, Determine the ending deferred income tax balance sheet account at the end of the fiscal year. Show a debit balance as positive (le. 1,000) and show a credit balance as negative (i.e.-1,000) Please do not round intermediary calculations. Round your final answer to the nearest dollar. Do not use dollar signs or commas in your
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