QUESTION 3 in 2021, Recycle Corporation has taxable income of $100,000 before considering any NOL carryover from prior years. It utilized a $20,000 NOL carryover from 2020 to reduce its 2021 taxable income to $80,000. How does the utilization of NOL carryover affect Recycle's income tax accounts in 20217 Oa. Decreases deferred tax asset by $4,200. Ob. Decreases deferred tax Bability by $4,200. OC Decreases deferred tax expense by $4,200. Od. Decreases total tax expense by $4,200.