Bowdoin, Inc. had pre-tax accounting income of $2,700,000 and a tax rate of 20% in 2021, its first year of operations. During 2021 the company had the following transactions: Received rent from Julia, Co. for 2022 $ 96,000 Municipal bond income $120,000 Depreciation for tax purposes in excess of book depreciation $60,000 Installment sales profit to be taxed in 2022 $162,000 At the end of 2021, which of the following deferred tax accounts and balances exist at December 31, 2021? Account _ Balance Deferred tax asset $19,200 Deferred tax liability $19,200 Deferred tax asset $31,200