Kantner, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year. Based on this information, determine Kantner€™s net deferred tax asset or net deferred tax liability at year-end. Assume a 34% corporate tax rate and no valuation allowance.

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Tax Debit/(Credit) Book Debit/(Credit) Assets Cash Accounts receivable Buildings 1,000 9,000 850,000 (700,000) 40,000 (10,000) $190,000 S 1,000 9,000 850,000 (620,000) 40,000 (8,000) 272,000 Accumulated depreciation Furniture & fixtures Accumulated depreciation Total assets Liabilities Accrued warranty expense Note payable Total liabilities ($ 40,000) (16,000) (S 56,000) (16,000) ( 16,000) Stockholders' Equit)y Paid-in capital Retained earnings Total liabilities and stockholders' equity ($ 50,000) (124,000) ( 190,000) (S 50,000) (166,000) (S 272,000)