In 2010, the San Marcos Company Received Insurance Proceeds of $300

In 2010, the San Marcos Company received insurance proceeds of $300, 000 payable upon the death of its previous top executive officer.For financial reporting purposes, San Marcos included the $300, 000 in pretax accounting income.The life insurance proceeds are exempt from income taxes.Assuming an income tax rate of 30%, what should be reported as deferred income taxes in the 2010 income statement of San Marcos for this event?

A) $ 0
B) $ 90, 000 deferred tax asset
C) $ 90, 000 deferred tax liability
D) $210, 000 deferred tax liability