Janice OMG Voice Lessons organized on January 1, 2020 had pretax accounting income of $2,080,000 and taxable income of $640,000 for the year ended December 31, 2020. The only temporary difference is an installment sale, where the cash will be collected as follows: 2021: $480,000 2022: 240,000 2023: 240,000 2024: 480,000 The enacted income tax rates are 30% for 2020.25% for 2021 through 2023, and 22% for 2024. If Janice expects taxable income in future years the deferred tax in Janice's December 31, 2020 balance sheet should be O Liability: $845,600 Asset $432.000 O Liability: $457,600 O None of the given answers Asset: $457,600 Liability: $432,000 Asset: $345,600