16 1 In 2018 X company reported net income $80,000, during the year 2018 there is one temporary difference reduce the net income by $20,000, this difference will reversed in 2019 by $8,000 and in 2020 by $12,000, the taxable income in 2019 was $100,000 and in ?2020 was $120,000 and applied tax rate is 20%, compute deferred taxes in 2018 .deferred tax liabilty$4,000.a O .No deferred tax is recognized.b O .deferred tax asset $4,000.c O 17 1 Windy company sales report showed that their sales in 2017 $500,000 and cost of $400,000, these sales were on credit(on account) and they received cash as following: $120,000 in 2017, $250,000 in 2018 and $130,000 in 2019, the company uses cost recovery ?method method, compute realized Gross Profit in 2019 $80,000.a O $100,000.b O $0.CO