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Crane Corporation prepared the following reconciliation for 2021, its first year of operations: ...

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Accounting

Crane Corporation prepared the following reconciliation for 2021, its first year of operations:
Pretax financial income for 2021$2080000
Tax exempt interest
(359000)
riginating temporary difference (720000)
Taxable income
$1001000
The temporary difference will reverse evenly over the next two years at an enacted tax rate of 35%. The enacted tax rate 30%. What amount should Crane report in its 2021 income statement as the deferred portion of the provision for incom
$126350
$216000
$252000
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