Baskin's pretax accounting income in $20$X$2$ is $$100,000.$ Baskin receives cash rental payments in advance for $$20,000$ in $20$X$1$ and $$30,000$ in $20$X$2,$ which are taxed in the year of receipt. It is expected the rent will be recognized for financial reporting purposes as $$25,000$ in $20$X$3$ and $$25,000$ in $20$X$4.$ The income tax rate is $40\%.$ What is the amount in the deferred tax asset account at the end of $20$X$3?$ a$.)$ $$20,000$ b$.)$ $$8,000$ c$.)$ $$12,000$ d$.)$ $$10,000$ Can you show me how to do this with a t$-$ account?