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Question 2 Incorrect Mark 0.00 out of 1.00 P Flag question ABC leased a building and received the $11412 annual rental payment on June 15, 2018. The beginning of the lease was July 1, 2018. Rental income is taxable when received. ABC's tax rates are 20% for 2018, and 38% thereafter. ABC had no other permanent or temporary differences. ABC determined that a valuation allowance was not needed. What amount of deferred tax asset should ABC report in its December 31, 2018, balance sheet? Answer: 11412 x