DeRitio Co. had a before-tax loss of $200,000 for both financial accounting and tax purposes in 2021 its first year of operations, and pays tax at a rate of 20%. The firm elected to use the tax loss carryforward option. As a result it will have

a. A 2021 net loss of $200,000 and a deferred tax asset of $40,000

b. A 2021 net loss of $160,000 and a deferred tax asset of $100,000

c. A 2021 net loss of $200,000 and a deferred tax asset of $200,000

d. A 2021 net loss of $160,000 and a deferred tax asset of $40,000