Listed below are five independent situations. For each situa…

Listed below are five independent situations. For each situation indicate (by letter) whether it will create (A) a deferred tax asset, (L) a deferred tax liability, or (N) neither. _____________ An operating loss carryforward _____________ Warranty expense, tax deductible when paid _____________ Interest earned on investments in state and local government bonds _____________ Fines and penalties due to violations of law _____________ Prepaid expenses, tax deductible when paid