The Following Information Was Extracted from the Accounting Records of Penguin

The following information was extracted from the accounting records of Penguin Pty Ltd for the year ended 30 June 20X9:
$\begin{array} { l r } &\$\\\text { Interest revenue } & 500000 \\\text { Sales revenue } & 5000000 \\\text { Dividend revenue } & 1500000 \\\text { Depreciation expense } & 700000 \\\text { Wages and annual leave expense } & 1500000 \\\text { Other expense } & 3000000\end{array}$
The company income tax rate is 30%.
The annual leave expense totaled $300 000, and $100 000 of annual leave was paid during the year.
The dividend revenue is not assessable income.
-Under the balance sheet method, what is the amount of the deferred tax expense (or deferred tax revenue) for the reporting period?

A) $60 000 deferred tax expense
B) $390 000 deferred tax expense
C) $60 000 deferred tax revenue
D) $390 000 deferred tax revenue