The controller for Cara Company has just completed recording the company's tax expense and deferred taxes for the year ending December 31, 2013, the company's first year of operations. As a result of multiple future deductible temporary differences, Cara Company's balance sheet currently shows a $4,290,000 deferred tax asset. After consultation with the CEO and other executives, the controller determined that it is more likely than not that 40% of the deferred tax asset will not be realized. What net amount will be reported for the deferred tax asset on Cara Company's balance sheet at December 31, 2013?

a) $2,574,000
b) $4,290,000
c) $6,006,000
d) $1,716,000