Question 20 Granger Inc has a deductible future temporary difference of $100,000 at the end of its test year of operations in 2021 The company has a tax rate of 40% and recorded a deterred tax asset of 540 000 Later after careful review in 2022. Granger determined it was more likely than not that $25,000 of the deferred tax asset would not be realiced What entry should Granger make for this event in 2022 Deb Credt income tax expense 25.000 25.000 OF Debit Credit Allowance to reduce deferred tax asset to expected reatzate value 25.000 income tax expense 26.000 Oc Debit Creat Income tax payable 25.000 income tax expense 25,000 OP Debil Credit income tax expense 25,000 Allowance to reduce deferred tax asset to expected realizable value 25.000