Assuming an income tax rate of 40% for all years, the net deferred tax liability that should be reflected on HK's balance sheet at December 31 , 2018 be a. $200,000 b. $75,000 c. $225,000 d. $150,000 Assuming an income tax rate of 40% for all years, the net deferred tax liability that should be reflected on HK's balance sheet at December 31 , 2018 be a. $200,000 b. $75,000 c. $225,000 d. $150,000