8. Assume that on January 1, 2025, Bealing Company purchased an asset for $50,000. Book and tax depreciation are outlined in the chart below. Year 2025 2026 2027 2028 Straight-Line Depreciation Financial Statements $12,500 12,500 12,500 12,500 Accelerated Depreciation IRS $20,000 15,000 10,000 5,000 Assume a 40 percent tax rate for all years. What is the balance of the Deferred Tax account at the end of 2026? A) SO B) $2,000 C) $3,000 D) $4,000