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Sheridan Company reported the following results for the year ended December 31,2020, its first year...

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Accounting

Sheridan Company reported the following results for the year ended December 31,2020, its first year of operations:
Income (per books before income taxes) $3343000
Taxable income
4466000
The disparity between book income and taxable income is attributable to a temporary difference, which will reverse in 2021. What should Sheridan record as a net deferred tax asset or liability for the year ended December 31,2020, assuming that the enacted tax rates in effect are 35% in 2020 and 30% in 2021?
$393050 deferred tax liability
$336900 deferred tax liability
$393050 deferred tax asset
$336900 deferred tax asset
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