Dunder Mifflin Inc. had one temporary difference in 2022 because their tax depreciation deduction exceeded their book depreciation expense by $74. Dunder Mifflin's pretax financial income is $1204 in 2022 and its tax rate is 20%. The company had no prior deferred tax balance. Dunder Mifflin's journal entry at the end of 2022 will involve:

a.

A credit to Income Tax Expense of $240.80

b.

A debit to Deferred Tax Asset of $14.80

c.

A credit to Deferred Tax Liability of $14.80

d.

A credit to Income Tax Payable of $240.80