Rowen, Inc. had pre-tax accounting income of $2,700,000 and tax rate of 20% in 2021, its first year of operations During 2021 the company had the following transactions Received rent from Jane, Co. for 2022 Municipal bond income Depreciation for tax purposes in excess of book depreciation Installment sales profit to be taxed in 2022 596,000 $120,000 $60.000 $162,000 At the end of 2021, which of the following deferred tax accounts and balances exist at December 31, 2021? AccountBalance Deferred tax liability $19,200 o o o Deferred tax asset $31,200 Deferred tax liability $31,200 Deferred tax asset $19,200