Cougar, Inc., an IFRS reporter, estimates a deferred tax asset of $70,000 due to a book-tax difference in warranty liabilities. Management has assessed that it is probable that the firm will not realize 40% of the deferred tax asset. After recording the net deferred tax asset, Cougar's net income will and assets will OA. decrease by $70,000; increase by $70,000 B. increase by $28,000; increase by $28,000 OC. increase by $70,000; decrease by $70,000 OOOO D. decrease by $28,000; decrease by $28,000