Question: help needed for 12 and 13 as well Use the following information for items 11, 12 and 13. ASU Company began operating on January 01,

 help needed for 12 and 13 as well Use the following
information for items 11, 12 and 13. ASU Company began operating on help needed for 12 and 13 as well

Use the following information for items 11, 12 and 13. ASU Company began operating on January 01, 2020. At the end of the first year of operations, ASU reported $300,000 of financial income but only $200,000 of taxable income on its tax return. An analysis of the $100,000 difference revealed the following: $30,000 of rent collected in advance. $60,000 of accelerated depreciation over book depreciation. $10,000 of interest received on tax-exempt municipal obligations. The enacted tax rate for 2020 is 30%. What is the amount of the Income Tax Payable? $18,000. $9,000. $30,000 $60,000. Question 12 (4 points) Listen What is the amount of the Deferred Tax Liability? $30,000. $9,000 $60,000. $18,000. Question 13 (4 points) Listen What is the amount of the Deferred Tax Asset? $18,000. $9,000 $30,000. $60.000

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