At the end of 2020, Connecticut Corporation had a $10,000 allowance for deferred tax assets. At the end of the following year (2021), the company concluded that it is more likely than not that $7,000 of its deferred tax assets will not be realized. What entry is required at the end of 2021? O Debit allowance for deferred tax assets $3,000, credit income tax expense $3,000. O Debit income tax expense $7,000, credit allowance for deferred tax assets $7.000 O Debit allowance for deferred tax assets $7,000, credit income tax expense $7,000. O Debit income tax expense $3,000, credit allowance for deferred tax assets $3,000