The first year of operations for Grayton Company is 2024. Given this information for 2024:

Pretax book income. $900000.

Estimated litigation expense $100000

Excess of taxer book deprecation $300000

Interest income on municipal bonds $200000.

No other permanent or temporary differences exist. The litigation item will be paid in 2027. The depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable

Indicate the proper deferred tax amount(s) to appear on the 12/31/24 balance sheet:

Select one:

a.

A noncurrent liability of $90,000

b.

A noncurrent liability of $60,000

c.

A current asset of $30,000 and a noncurrent liability of $90,000

d.

A current liability of $30,000 and a noncurrent liability of $10,000

e.

A noncurrent asset of $90,000 and a noncurrent liability of $30,000