-20 QUESTIONS REMAININ Rowen Corporation reported the following results for its first three years of operation: 2010 income (before income taxes) $100,000 2011 loss (before income taxes) (900,000) 2012 income (before income taxes) 1,000,000 There were no permanent or temporary differences during these three years. Assume a corporate tax rate of 30% for 2010 and 2011, and 40% for 2012. Reference: Ref 19-9 At the end of 2010, which of the following deferred tax accounts and balances is reported on Rowen, Inc.'s balance sheet? Account Balance Questions Filter (20) Deferred tax asset $12,800 Deferred tax liability $12,800 Deferred tax asset $20,800 Deferred tax liability $20,800