2023 is Kennedy Inc.'s first year of operations. At the end of 2023 , Kennedy prepaid $450,000 in cash to rent a warehouse for 3 years. The rental period is 2024-2026 and the rental cost is deductible for tax purposes in the year the payment is made. Kennedy reported taxable income of $4,000,000 in 2023, and the tax rate is 20%. On Kennedy's 2023 financial statements, the 2023 prepayment would create: A Deferred Tax Liability A Deferred Tax Asset No Deferred Tax Item