2. As of 1/1/X1, DTA was $300 and DTL was $200. On 12/31/X1, pretax financial income was $5,000. The tax rate for the foreseeable future is 21%. 20X1 Installment Sales recognized in current year for financial reporting and recognized when collected for tax purposes, $2,500 ($1,750 collected in 20X2 and $750 collected in 20X3) Excess depreciation for tax purposes, $500 ($100 financial excess in 20X2 and $400 financial excess in 20X3) 1) convert from financial income to taxable income, 2) determine if the temporary difference results in a future taxable/deductible amount, and 3) determine what the deferred tax asset/liability would be.