Lynch Company Had a Net Deferred Tax Asset of $68,000

Lynch Company had a net deferred tax asset of $68,000 at the beginning of the year, representing a net taxable temporary difference of $200,000 (taxed at 34 percent) . During the year, Lynch reported pretax book income of $800,000. Included in the computation were favorable temporary differences of $20,000 and unfavorable temporary differences of $50,000. At the beginning of the year, Congress reduced the corporate tax rate to 21 percent. Lynch's deferred income tax expense or benefit for the current year would be:

A) Net deferred tax benefit of $6,300.
B) Net deferred tax expense of $6,300.
C) Net deferred tax benefit of $32,300.
D) Net deferred tax expense of $32,300.