ABC Company began operations on January $1,2018$ and reported a profit of $$100,000$ in its first year. In

$2019,$ however, the company faced significant issues with growth and eventually reported a taxable loss

of $$300,000.$ The company expects significant challenges in returning to profitability in the coming

years, and accordingly, it expects that half of any deferred tax benefit will not be realized. As of

$12/31/18,$ the enacted tax rate was $35\%$ for $2018$ and $30\%$ for $2019.$ The company expects the future

tax rate to be $20\%,$ but this rate had not been enacted as of the end of $2019.$

$14.$ Determine the net deferred tax asset to be reported in $2019.$

A$.20,000$

B$.30,000$

C$.35,000$

D$.40,000$

E$.45,000$

F$.52,500$

G$.60,000$

H$.70,000$

I. $90,000$