For calendar 2020, Peanuts Corp. prepared the following reconciliation of accounting income to taxable income: Pre-tax accounting income $ 750,000 Add reversible difference Construction contract revenue which will reverse in 2021 100,000 Deduct reversible difference Depreciation expense, which will reverse in equal amounts in each of the next four years (400,000) Taxable income $ 450,000 Peanuts income tax rate is 25% for 2020. What amount should the corporation report in its 2020 income statement as deferred income tax (asset or liability)? Select one: a. $ 75,000 deferred income tax Asset b. $ 75,000 deferred income tax liability c. $ 112,500 deferred income tax Asset d. $ 112,500 deferred income tax liability