Black Co. organized on January 2, 2016, had pretax financial statement income of $500,000 and taxable income of $800,000 for the year ended December 31, 2016. The only temporary differences are accrued product warranty costs, which Black expects to pay as follows: 2017 $100,000 2018 $ 50,000 2019 $ 50,000 2020 $100,000 The enacted income tax rates are 25% for 2016, 30% for 2017 through 2019, and 35% for 2020. Black believes that future years operations will produce profits. In its December 31, 2016, balance sheet, what amount should Black report as deferred tax asset? $90,000 $50,000 $75,000 $95,000