On December $31,2020,$ Domino Inc. recorded $$32,000$ of deferred revenue $($a liability$)$ on customer deposits received in advance of the satisfaction of performance obligations. Assume a tax rate of $25\%$ and pretax GAAP income of $$150,000$ for $2020.$ Which of the following is true regarding the tax entry for $2020$

A$.$ We would credit Deferred Tax Liability for $$8,000$

B$.$ We would debt Income Tax Expense for $$9,500$

C$.$ We would debit Deferred Tax Asset for $$8,000$

D$.$ We would credit Deferred Tax Asset for $$9,500$

A

B

C