ogg, Inc., earns book net income before tax of $600,000. Jogg puts into service a depreciable asset this year, and first year tax depreciation exceeds book depreciation by $120,000. Jogg has recorded no other temporary or permanent book-tax differences. Assuming that the U.S. tax rate is 21%, and that this is Joggs first year of operations, what is Joggs balance in its deferred tax asset and deferred tax liability accounts at year end?

Group of answer choices

$25,200 and $0.

$0 and $0.

$0 and $25,200.

$25,200 and $25,200.