Fox Co. showed income before taxes of $500,000 on their first income statement, which included a $20,000 expense for premiums paid for the life insurance of their CEO and a depreciation expense of $200,000. The depreciation deduction on Fox's tax returns is $150,000 with current and future tax rates of 40%. Which statement is true about Fox's income tax entry? It will include a DTL of 20,000 It will include a DTA of 28,000 It will include income tax payable of 220,000 It will include an income tax expense of 208,000