Allied Corp. has a deferred tax asset balance of $$300,000$ on December $31$ due to a temporary difference related to a warranty expense accrual that is not deductible for tax purposes. The deferred tax asset balance has increased $$60,000$ over the prior year ending balance of $$240,000.$ Taxable income for the year is $$1,260,000$ and the tax rate is $25\%.$ There was no deferred tax asset valuation allowance recorded on January $1.$