E16-13 (LO 2, 3, 4) One Reversing Difference, Future Taxable Amounts, One Rate, No Beginning Deferred Taxes Sorpon Corporation purchased equipment very late in 2023. Based on generous capital cost allowance rates provided in the Income Tax Ad, Sorpon Corporation claimed CCA on its'2023 tax return but did notrecord anydepreciation because the equipment had not yet been putinto use. This temporary difference will reverse and cause taxabie amounts of $25,000 in 2024,$30,000 in 2025 , and $40,000 in 2026 . Sorpon's accounting income for 2023 is $200,000 and the lax Hint Equipment cost: $95,000($25,000+30,000+40,000) instructions: a) Calculate the deferred tax balance at December 31,2023 . b) Cafculate tasiable income and income tox payable for 2023