Cinnamon, Inc. recorded a total deferred tax asset in Year 3 of \($12\),301, off set by a \($12\),301 valuation allowance. Cinnamon most likely:

A . fully utilized the deferred tax asset in Year 3.

B . has an equal amount of deferred tax assets and deferred tax liabilities.

C . expects not to earn any taxable income before the deferred tax asset expires.