When a company has multiple temporary differences that result in both deferred tax assets and deferred tax liabilities, in preparing the journal entry to record income taxes, how will the company calculate and record those deferred tax assets and deferred tax liabilities?

Group of answer choices

The deferred tax assets and deferred tax liabilities are calculated separately and recorded as individual amounts.

The deferred tax assets and deferred tax liabilities are calculated and recorded in a single net amount.

The deferred tax assets and deferred tax liabilities are calculated separately and recorded in one net amount.

The deferred tax assets and deferred tax liabilities are calculated as the difference between income tax payable and income tax expense at the statutory rate.