1. Shark Corp. leased a building and received the $100,000 annual rental payment on June 15, 2018. The beginning of the lease was July 1, 2018. Rental income is taxable when received. Sharks tax rates are 25% for 2018 and 30% thereafter. Shark had no other permanent or temporary differences. Shark determined that no valuation allowance was needed. What amount of deferred tax asset should Shark report in its December 31, 2018, balance sheet?

1. 15,000
2. 18,000
3. 25,000
4. 28,000