Question: At December 31, 2007, Next Generation Inc. had a deferred tax asset of $35,000. At December 31, 2008, the deferred tax asset is $59,000. The

At December 31, 2007, Next Generation Inc. had a deferred tax asset of $35,000. At December 31, 2008, the deferred tax asset is $59,000. The corporation’s 2008 current tax expense is $61,000. What amount should Next Generation report as total 2008 tax expense?

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