Owl Co. had income before taxes of $800,000 and a tax rate of 30% in their first year of operation. Included in this income is $10,000 in U.S. governmental fines and penalties and depreciation expense of $150,000. The depreciation deduction on Owls tax return is $200,000. Which of the following statements is true?

Group of answer choices

Owls entry will include an income tax payable of $228,000.

Owls entry will include a deferred tax asset of $15,000.

Owls entry will include a deferred tax liability of $18,000.

Owls entry will include an income tax expense of $240,000.