Ellen Corp. leased a building and received the $100,000 annual rental payment on June 15, 2021. The beginning of the lease was July 1, 2021. Rental income is taxable when received. Ellen's tax rates are 35% for 2021 and 40% thereafter. Ellen had no other permanent or temporary differences. Ellen determined that no valuation allowance was needed. What amount of deferred tax asset should Ellen report in its December 31, 2021, balance sheet? O $40,000 O $35.000 $20,000 O $17,500