If Taxable Income Is $120 000, Accounting Profit Is $130

True/False

If taxable income is $120 000, accounting profit is $130 000, interest receivable is $10 000, interest is recognised for tax when received and the tax rate is 30%, then we know that tax payable is
$36 000, tax expense is $39 000 and a deferred tax liability of $3000 will be recorded in the balance sheet.