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Required information On January 1, 2021, a company purchased equipment for $90,000. The asset has a 3-year useful life and no residual value. Additional information: For financial reporting, the asset is depreciated on a straight-line basis. . For tax reporting, depreciation is $45,000 in 2021, $30,600 in 2022, and $14,400 in 2023 (based on MACRS). There are no other differences between accounting income and taxable income in any year. The tax rate is 25% for all years. Use the information above to answer the questions below. What is the balance of the deferred tax account at the end of 2021? Balance of deferred tax account, end of 2021 Required information On January 1, 2021, a company purchased equipment for $90,000. The asset has a 3-year useful life and no residual value. Additional information: For financial reporting, the asset is depreciated on a straight-line basis. For tax reporting, depreciation is $45,000 in 2021, $30,600 in 2022, and $14,400 in 2023 (based on MACRS). There are no other differences between accounting income and taxable income in any year, The tax rate is 25% for all years. Use the information above to answer the questions below. What is the balance of the deferred tax account at the end of 2022? Click to set $15,600 $3,900 $3,600 $3,750 $150