Information for Kent Corp for the year 2013:
Reconciliation of pretax accounting income and taxable income:
|
Pretax Accounting Income
|
181300
|
|
Permanent Differences
|
(14700)
|
|
166600
|
|
Temp differences-depreciation
|
(11300)
|
|
Taxable Incomeq
|
155300
|
Cumulative future taxable amounts all from depreciation temporary differences:
As of Dec 31 2012, 12700
As of Dec 31 2013 24000
The enacted tax rate was 21% for 2012 and thereafter:
What should Kent report as the current portion of its income tax expense in the year 2013
A. 32613
B. 34986
C. 38073
D. none of these