Carl's Jerky Company began operations in 2020 and reported a tax loss totaling $55,000. Using the future tax rate of 21%, Carl's Jerky recorded a deferred tax asset of $11,550 at the end of year 1. Shortly after this, the company determined that is is more likely than not that 30% of the deferred tax asset will NOT be realized. The Journal entry to record this valuation adjustment includes: o Debit to Allowance to reduce DTA to Expected Realizable Value for $3,465 o Credit to DTA for $3,465 o Debit to Tax Expense for $3,465 o Credit to Tax Expense for $8,085 o None of the numerical choices shown are correct.