Multiple Choice Question 62 Ivanhoe Company reported the following results for the year ended December 31, 2018, its first year of operations: Income (per books before income taxes) Taxable income 2018 $2098000 3300000 The disparity between book income and taxable income is attributable to a temporary difference which will reverse in 2019. What should Ivanhoe record as a net deferred tax asset or liability for the year ended December 31, 2018, assuming that the enacted tax rates in effect are 35% in 2018 and 30% in 2019? $360600 deferred tax liability O $420700 deferred tax liability $360600 deferred tax asset C $420700 deferred tax asset Click if you would like to Show Work for this question: Open Show Work