CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Multiple Choice Question 87 A reconciliation of Blossom Company's pretax accounting Income with its taxable income for 2018, its first year of operations, is as follows: Pretax accounting income Excess tax depreciation Taxable income $5500000 (159000) $5341000 The excess tax depreciation will result in equal net taxable amounts in each of the next three years. Enacted tax rates are 40% in 2018, 35% in 2019 and 2020, and 30% in 2021. The total deferred tax ability to be reported on Blossom's balance sheet at December 31, 2018, is $55650 $47700 $63600. $53000 Wuns would like to Show Work for this question attempts wable Open Show Work