How much is the deferred amount for Abbeys' separate return 2018? On January 1, 2017, Abbey acquires 90 percent of Benjamins outstanding shares Financial information for these two companies for the years 2017 and 2018 folows 2017 2018 Abbey Company Sales 5(500,000) $(700.000 Operating expenses 300.000 400.000 Intra-entity gross profits in ending inventory (included in above figures) (120,000) (150.000) Dividend income-Benjamin Company (18.000) 36.000 Benjamin Company Sales (210.000 K270.000 Operating expenses 130.000 170.000 Dividends paid 120.000 49.000 Assume that a tax rate of 35 percent is applicable to both companies. tax currently payable if they choose to file separate returns Deferred Tax Asset 510,500. Deferred Tax Asset $30,000 Deferred Tax Liabilities 510,500 Deferred Tax Liabilities $30,000 $0