Relix, 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 Relix€™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 Book Debit/(Credit) Debit/(Credit) Assets Cash Accounts receivable Buildings $500 8,000 750,000 (450,000) 70,000 (46,000) 332,500 $500 8,000 750,000 (380,000) 70,000 (38,000) 410,500 Accumulated depreciation Furniture & fixtures Accumulated depreciation Total assets Liabilities Accrued litigation expense Note payable Total liabilities (78,000) (S 78,000) ($ 50,000) (78,000) ( 128,000) Stockholders' Equity Paid-in capital Retained earnings Total liabilities and stockholders' equity ($ 10,000) (244,500) 332,500) ($ 10,000) (272,500) 410,500)