Thorn co. applies asc topic 740, income taxes. at the end of year 1, the tax effects of temporary differences were as follows: accelerated tax depreciation resulting in deferred tax liability: $75,000 (related to noncurrent asset)additional inventory costs for tax purposes resulting in deferred tax asset: $25,000 (related to current asset)a valuation allowance was not considered necessary. thorn anticipates that $10,000 of the deferred tax liability will reverse in year 2. in thorn's december 31, year 1 balance sheet, what amount should thorn report as noncurrent deferred tax liability? a. $40,000b. $50,000c. $65,000d. $75,000