Use the information below to answer the following two items Kogod Corp. had pretax financial income of $345,000 for 2015. The company is subject to a 30% tax rate. The following differences between financial and taxable income occurred during the year. Kogod received $40,000 proceeds from an insurance policy on its executives as a result of the CFO's illness that caused him to resign. The amount received, which was credited to financial income, is not taxable. Kogod received $24,000 rent in advance for a building it owns and rents out. The amount received (which covers 2016 and 2017) is taxable in the current year (2015). First Question: What is Kogod's taxable income for the current year (2015)? Select one: O a $281.000 O b. $329,000 O c. $361,000 O d. $409,000 Clear my choice Second Question: What deferred taxes does Kogod have to recognize in the current year (2015)? Select one: O a. $7,200 deferred tax asset O b. $12,000 deferred tax liability and $7,200 deferred tax asset. c. $7,200 deferred tax liability and $12,000 deferred tax asset. O d. $19,200 deferred tax asset Clear my choice