Question 14 (4 points) Listen At December 31, 2020, Rams Company had a Deferred Tax Asset of $200,000. After careful review of all available evidence, Rams determines that it is more likely than not that it will not realize $80,000 of this deferred tax asset. The journal entry to record this reduction in asset value is Debit: Deferred Tax Asset. -80,000; Credit: Income Taxes Payable- -80,000. Debit: Deferred Tax Asset- -80,000; Credit: Allowance to Reduce Deferred Tax Asset. -80,000. Debit: Income Tax Expense- -80,000; Credit: Allowance to Reduce Deferred Tax Asset- -80,000. Debit: Income Tax Expense- -80,000; Credit Income Tax Payable. -80,000