If income tax expense reported on the income statement is $46,300 for 2016, and the tax return for 2016 (the first year) shows an income tax liability of $43,950, the deferred income tax on the balance sheet at the end of 2016 will be which of the following? Assume a 40% tax rate.

A $2,350 asset.

A $6,850 asset.

A $6,850 liability.

A $2,350 liability.