0 $ (50 million) ts 30s II 2:15 3:15 eBook Print ferences Knowledge Check 01 Manning Corp. reported the following pretax accounting income and taxable income for its first three years of operations. The company's tax rate is 34% for all three years. The company elected a loss carryback. Assuming a valuation allowance is not required, what is the amount of the deferred tax asset that will be reported at the end of Year 2? Year 1 Year 2 Year $353,000 (579,e00) 735,800 Deferred tax asset