Crystal Critters, Inc., a U.S. GAAP reporter, has the deferred tax assets and liabilities presented below: Classification on the Balance Sheet of Related Account Deferred Tax Associated with Item Item Excess of warranty expense over warranty deductions Current $79,000 Asset Accelerated depreciation for tax purposes Noncurrent $89,000 Liability Installment sales receivable Current $49,000 Liability $39,000 Asset Contingent liability Current Assuming it meets the conditions to net assets and liabilities, how will the company report deferred taxes on the balance sheet? A. current asset: deferred tax asset $118,000; noncurrent liability: deferred tax liability $138,000 B. current liability: deferred tax liability $69,000; noncurrent liability: deferred tax liability $89,000 C. noncurrent liability: deferred tax liability $20,000 D. current liability: deferred tax liability $49,000; noncurrent asset: deferred tax asset $89,000