At the beginning of 2021; Wildhorse, Inc. had a deferred tax asset of $18500 and a deferred tax liability of $28500. Pre-tax accounting income for 2021 was $1470000 and the enacted tax rate is 20%. The following items are included in Wildhorses pre-tax income:

Interest income from municipal bonds	$117000
Accrued warranty costs, estimated to be paid in 2022	$257000
Operating loss carryforward	$187000
Installment sales profit, will be taxed in 2022	$127000
Prepaid rent expense, will be used in 2022	$58500

Which of the following is required to adjust Wildhorse, Inc.s deferred tax asset to its correct balance at December 31, 2021?

A debit of $32900

A credit of $51400

A debit of $29200

A credit of $29200