Exercise 16-31 (Static) Balance sheet classification; financial statement effects [LO16-8] As of December 31, 2024, Lange Company has the following deferred tax assets and liabilities: Deferred tax assets Pension plans $ 300, 090 Inventory 200, 090 Total deferred tax assets $ 500,606 Deferred tax liabilities Property, plant and equipment $ 100, 090 Gain on equity investments (unrealized) 350,090 Total deferred tax liabilities $ 450, 090 Required: 1. Assume that all of Lange's deferred tax assets and liabilities are in the same tax Jurisdiction. How would deferred taxes be shown on Lange's balance sheet? 2. Assume that the deferred tax effects of Lange's pension plans and unrealized gains on investments occurred in a different tax Jurisdiction from Lange's other deferred tax effects. How would deferred taxes be shown on Lange's balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that all of Lange's deferred tax assets and liabilities are in the same tax jurisdiction. How would deferred taxes be shown on Lange's balance sheet? Exercise 16-31 (Static) Balance sheet classification; financial statement effects [LO16-8] As of December 31, 2024, Lange Company has the following deferred tax assets and liabilities: Deferred tax assets Pension plans $ 300, 090 Inventory 200, 090 Total deferred tax assets $ 500, 000 Deferred tax liabilities Property, plant and equipment $ 100, 090 Gain on equity investments (unrealized) 350, 090 Total deferred tax liabilities $ 450, 090 Required: 1. Assume that all of Lange's deferred tax assets and liabilities are in the same tax Jurisdiction. How would deferred taxes be shown on Lange's balance sheet? 2. Assume that the deferred tax effects of Lange's pension plans and unrealized gains on investments occurred in a different tax Jurisdiction from Lange's other deferred tax effects. How would deferred taxes be shown on Lange's balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the deferred tax effects of Lange's pension plans and unrealized gains on investments occurred in a different tax jurisdiction from Lange's other deferred tax effects. How would deferred taxes be shown on Lange's balance sheet?