william co reported $550,000 in financial book income before taxes for year 3 tax depreciation for the year exceeded book depreciation by $50,000 the...

william co reported $550,000 in financial book income before taxes for year 3 tax depreciation for the year exceeded book depreciation by $50,000 the tax rate for year 3 was 30% and congress enacted a tax rate of 40% for year after year 3 what is the deferred tax reported on william's december 31, year 3 balance sheet?a- 15,000 deferred tax assetb-15,000 deferred tax liabilityc-20,000 deferred tax assetd- 20,000 deferred tax liability