At the beginning of 2025, Pitman Co. purchased an asset for $1,800,000 with an estimated useful life of 5 years and an estimated salvage value of $150,000. For financial reporting purposes, the asset is being depreciated using the straight-line method; for tax purposes, the double-declining-balance method is being used. Pitman's tax rate is 20% for 2025 and all future years. At the end of 2025, which of the following deferred tax accounts and balances is reported on Pitman's balance sheet?

a) Account - Deferred Tax Asset; Balance - $117,000 b) Account - Deferred Tax Liability; Balance - $117,000 c) Account - Deferred Tax Asset; Balance - $78,000. d) Account - Deferred Tax Liability; Balance - $78,000