Use the following information to answer the next 3 questions. In 2020 (its first year of operations), ABC generated a net operating loss of $28,000. In 2021, earnings before taxes is $168,000. Assume a tax rate of 25%. 18. 19. Tax payable for 2021 is The associated deferred tax account is reduced by ___ Tax expense for 2021 is in 2021. 20