Regardless of what the company selects for financial reporting purposes, for tax purposes, the company must recognize 50 of income in 2023 and 50 of income in 2024. The company has a 20% tax rate. 7. If the company selects Option A, what would be the deferred tax effect? I am only asking if the company needs to create a DTA or DTL, and if so, how much. If the answer is 0 , enter that-do not leave it blank. At least one of the answers below should have a 0 in it. DTA balance = DTL balance = 8. If the company selects Option B, what would be the deferred tax effect? I am only asking if the company needs to create a DTA or DTL, and if so, how much. If the answer is 0 , enter that-do not leave it blank. At least one of the answers below should have a in it. DTA balance = DTL balance = 9. If a company can choose from multiple methods of revenue recognition for book purposes under GAAP, besides creating a difference in the DTA/DTL balances, what other BALANCE SHEET account would be affected? Think of what may be different after a company prepares all of its required end of the year entries