3 For the year ending December 31, 2015, XYZ has the following financial/tax info Tax rate (current and future) 40% Financial income is different from tax income by $1,000,000. The difference between the two types of income is because tax lower than financial depreciation by $1,000,000 The difference will reverse in future years as follow: depreciation in 2015 was 2016 10% 2017 20% 2018 40% 2019 20% 2020 10% Calculate the ENDING balance for deferred tax as of 12/31/2019. Make sure to specify if the ending balance is debit or credit. Show work. (Do not prepare journal entries)