Betta Group just completed its second year of operations and has a deferred tax asset of $86,000 related to a net operating loss of $215,000 from the previous year. In the current year Betta generates $655,000 in revenues and incurs $341,000 in expenses. There are no permanent or temporary book -tax differences. Assuming the same tax rate as last year, what is the tax related journal entry for the current year? OA. Deferred Tax Asset 86,000 86,000 Income Tax Benefit O B. Income Tax Refund Receivable 86,000 86,000 Deferred Tax Asset C. Income Tax Expense 262,000 176,000 86,000 Income Tax Payable Deferred Tax Asset 0 D. Income Tax Expense 125,600 Income Tax Payable Deferred Tax Asset 39,600 86.000