Question 1 of 25 View Policies Current Attempt in Progress -/3.75 E At the beginning of 2021, Sunland Co. purchased an asset for $2100000 with an estimated useful life of 5 years and an estimated salvage value of $156000. For financial reporting purposes the asset is being depreciated using the straight-line method; for tax purposes the double-declining-balance method is being used. Sunland Co.'s tax rate is 20% for 2021 and all future years. At the end of 2021, which of the following deferred tax accounts and balances is reported on Sunland's balance sheet? Account Balance Deferred tax liability $90240 Deferred tax asset $77760 Deferred tax asset $90240 Deferred tax liability $77760