Use the following information for the next two items Sapphire Corporation's partial income statement for 2018 is as follows: Income before income taxes $1,005,000 Income tax expense Current $250,000 Deferred 30,000 280,000 Net Income $725 000 Sapphire uses the straight-line method of depreciation for financial reporting purposes and accelerated depreciation for tax purposes. The amount charged to depreciation expense on its books this year was $450,000. No other differences existed between book income and taxable income except for the amount of depreciation. The tax rate is 30%. First Question: What amount was deducted for depreciation on the corporation's tax return for the current year 2018? Select one: O a. $450,000 O b. $280,000 O c. $350.000 Od $550.000 Second Question: Assume that Sapphire had a beginning balance of a Deferred Tax Liability (DTL) of $125,000. What is the ending balance of the DTL at the end of 2018? Select one: O a. $95.000 O b. $225.000 O c $25,000 O d. $155.000 Income tax payable is calculated as Select one: O a. Taxable income multiplied by the enacted tax rate. O b. Financial income multiplied by the effective tax rate O c Taxable income multiplied by the effective tax rate. O d. Financial income multiplied by the enacted tax rate