Access the 2016 financial statements and related disclosure notes of Ford Motor Company from its website at corporate.ford.com.

Required: 1. In Note 21, find Fords net deferred tax asset or liability. What is that number? 2. Does Ford show a valuation allowance against deferred tax assets? If so, what is the number, and what is Fords explanation for it? 3-a. Does Ford have any NOL carryforwards? 3-b. What is the amount of any carryforward, what deferred tax asset or liability is associated with it? (Round your answer to 1 decimal place.) 3-c. What effective tax rate does that imply was used to calculate its deferred tax effect?