Balance Sheet Presentation The Thiel Company reports the following deferred tax items at the end of 2007:
|
Deferred Tax Item # |
Account Balance |
Related Asset or Liability |
|
1 |
$ 7,200 credit |
Current asset |
|
2 |
6,700 debit |
Current liability |
|
3 |
15,500 credit |
Noncurrent asset |
|
4 |
10,600 debit |
Noncurrent liability |
Required
Show how the preceding deferred tax items are reported on the Thiel Company’s December 31, 2007 balance sheet.