21. Hannah, Inc. had pre-tax accounting income of $2,700,000 and a tax rate of 35% in 2018, its first year of operations. During 2018 the company had the following transactions: Received rent from Jane, Co. for 2019 Municipal bond income Depreciation for tax purposes in excess of book depreciation Installment sales profit to be taxed in 2019 $ 84,000 $120,000 $64,000 $144,000 At the end of 2018, which of the following deferred tax accounts and balances exist at December 31, 2018? Account Balance Deferred tax asset $29,400 b. Deferred tax liability $29,400 Deferred tax asset $22,400 d. Deferred tax liability $22.400 a. C