Analyzing and Interpreting Tax Footnote (Financial Statement Effects Template) The domestic and foreign components of pre-tax loss were as follows: The significant components of net deferred tax balances were as follows: Snapchat's gross deferred tax assets increased in 2018. By what amount did Snapchat's gross deferred tax assets increase? 9 (thousands). Explain how the valuation allowance affected 2018 net income. Snapchat's valuation allowance account increased during the year, which means net income increased. 'Snapchat's valuation allowance account decreased during the year, which means net income increased. Snapchat's valuation allowance account increased during the year, which means net income decreased. Snapchat's valuation allowance account decreased during the year, which means net income decreased. Use negative signs with answers, when appropriate. Analyzing and Interpreting Tax Footnote (Financial Statement Effects Template) The domestic and foreign components of pre-tax loss were as follows: The significant components of net deferred tax balances were as follows: Snapchat's gross deferred tax assets increased in 2018. By what amount did Snapchat's gross deferred tax assets increase? 9 (thousands). Explain how the valuation allowance affected 2018 net income. Snapchat's valuation allowance account increased during the year, which means net income increased. 'Snapchat's valuation allowance account decreased during the year, which means net income increased. Snapchat's valuation allowance account increased during the year, which means net income decreased. Snapchat's valuation allowance account decreased during the year, which means net income decreased. Use negative signs with answers, when appropriate