Hannah, Inc. had pre-tax accounting income of $2,700,000 and a tax rate of 35% in 2018, its first year of operations. During 2018 the company had the following transactions:

Received rent from Jane, Co. for 2019	$ 84,000
Municipal bond income	$120,000
Depreciation for tax purposes in excess of book depreciation	$64,000
Installment sales profit to be taxed in 2019	$144,000

At the end of 2018, which of the following deferred tax accounts and balances exist at December 31, 2018 ?

	a.	Account _ Balance Deferred tax liability $29,400
	b.	Account _ Balance Deferred tax asset $22,400
	c.	Account _ Balance Deferred tax liability $22,400
	d.	Account _ Balance Deferred tax asset $29,400