Q reported a net deferred tax asset of $9k in 12/31, Yr 1, BS. In Yr 2, Q reported pretax FS income of $300k. Temp differences of $100k resulted in taxable income of $200k for Yr2. At 12/31, Yr 2, Q had cumulative taxable differences of $70k. Q's effective income tax rate is 30%. In its 12/31, Yr2, IS what should Q report as defererd income tax expense? Answer: $30k.

Can someone show me a step by step solution on this question?

Thank you.