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please show all work In its December 31, 2021, balance sheet, Nelson Co. had...

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Accounting

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please show all work

In its December 31, 2021, balance sheet, Nelson Co. had income taxes payable of $60,000 and a deferred tax asset of $25,000 before determining the need for a valuation account. Nelson had reported a deferred tax asset of $28,000 at December 31, 2020. No estimated tax payments were made during 2021. At December 31, 2021, Nelson determined that it was more likely than not that 20% of the deferred tax asset would not be realized. In its 2021 income statement, what amount should Nelson report as total income tax expense? (Do not add dollar sign; do not add comma by yourself to your amount; round the answer to the whole number)

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