In preparing its December 31, Year 4, financial statements, Irene Corp. must determine the proper accounting treatment of a $180,000 loss carryforward available to offset future taxable income. There are no temporary differences. The applicable current and future income tax rate is 30%. Available evidence is not conclusive as to the future existence of sufficient taxable income to provide for the future realization of the tax benefit of the $180,000 loss carryforward. However, based on the available evidence, Irene believes that it is more likely than not that future taxable income will be available to provide for the future realization of only $100,000 of this loss carryforward. In its Year 4 statement of financial position, Irene should recognize what amounts? Deferred Valuation Tax Asset Allowance Deferred Tax Asset $54,000 Valuation Allowance $30,000 Deferred Tax Asset $54,000 Valuation Allowance $24,000 Deferred Tax Asset $0 Valuation Allowance $0 Deferred Tax Asset $30,000 Valuation Allowance $0