If income tax expense reported on the income statement is $46,600 for 2016, and the tax return for 2016 (the first year) shows an income tax liability of $44,400, 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 $2,200 liability.

A $6,700 liability.

A $6,700 asset.

A $2,200 asset.