Greenville Industries uses the actual basis to account all sales transactions. Sales for total $530,000. Included in this amount is $80,000 in receivables from sales on installment. Installment sales are considered revenue for book purposes, but not for tax purposes. Operating expenses total $100,000 and are treated the same for book and tax purposes. Assuming a 30% tax rate, what is the amount of Greenville's deferred asset or liability?'

A. $16,000 deferred tax asset

B. $24,000 deferred tax asset

C. $16,000 deferred tax liability

D. $24,000 deferred tax liability