Question: Indigo Tools Inc. has temporary differences at December 31, 2017, that result in the following deferred taxes. Deferred tax liability related to depreciation difference $124,000

Indigo Tools Inc. has temporary differences at December 31, 2017, that result in the following deferred taxes. Deferred tax liability related to depreciation difference $124,000 Deferred tax asset related to revenue recognition 55,000 Deferred tax liability related to warranty expense 74,000 Deferred tax asset related to litigation accruals 33,000 Indicate how these balances would be presented in Indigo's December 31, 2017, balance sheet. Indigo Tools Inc. Current Assets Deferred Tax Asset Balance Sheet December 31, 2017 88000

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