In year 2, Angel Corporation has pre-tax book income of $900,000 and tax depreciation exceeds book depreciation by $150,000. There are no other permanent or temporary differences. Assuming a tax rate of 35%, calculate the current tax expense [ Select ] ["262,500", "367,500", "315,000", "420,000"] , deferred tax expense [ Select ] ["52,500", "-52,500", "35,000", "50,000"] and determine the ending deferred tax asset or liability [ Select ] ["17,500 Deferred Tax Liability", "52,500 Deferred Tax Asset", "17,500 Deferred Tax Asset", "52,500 Deferred Tax Liability"] to be reported on the balance sheet (remembering that there is a Deferred Tax Asset of $35,000 on the balance sheet that was calculated in the first problem).