For Calendar 2020, Its First Year of Operations, Snow Corp $$\begin{array} { l r } 2021 & \$ 90,000 \\2022 & 45,000 \\2023 & 45,000 \\2024 & 90,000\end{array}$$

Multiple Choice

For calendar 2020, its first year of operations, Snow Corp. reported pre-tax accounting income of $ 330,000 and taxable income of $ 600,000. The only reversible difference is accrued warranty costs, which are expected to be paid as follows: $$\begin{array} { l r } 2021 & \$ 90,000 \\2022 & 45,000 \\2023 & 45,000 \\2024 & 90,000\end{array}$$ The enacted income tax rates are 35% for 2020, 30% for 2021, 2022 and 2023, and 25% for 2024. The deferred tax asset reported on Snow's December 31, 2020 SFP should be

A) $ 54,000.
B) $ 63,000.
C) $ 76,500.
D) $ 94,500.