7. In 2019, the Guardian Corporation received insurance proceeds of $500,000 payable upon the death of its previous top executive officer. For financial reporting purposes, Guardian included the $500,000 in pretax accounting income. The life insurance proceeds are exempt from income taxes. Assuming an income tax rate of 30%, what should be reported as deferred income taxes in the 2004 income statement of the Guardian Company for this event? a. $ 0 b.$ 150,000 deferred tax asset c. $ 150,000 deferred tax liability d. $ 280,000 deferred tax liability