10. Operating income and tax rates for C.J. Company's first three years of operations were as follows: Income 2017 $400,000 Enacted tax rate 35% 2018 ($1,000,000) 30% 40% 2019 $1,680,000 Assuming that C.J. Company opts only to carryforward its 2018 NOL, what is the amount of deferred tax asset or liability that C.J. Company would report on its December 31, 2018 balance sheet?