As 2021 drew to a close and the company was preparing its financial statements, Ford Digital Manufacturing Company (FDMC) reviewed operations in one of its branch factories and realized they would have to be shut down. As it finalized its accounts, it accrued the estimated losses that it would incur disposing of the unused plant facilities at $3,600,000. The factory and contents were sold in the summer of 2022 and the estimated loss proved to be accurate and so the anticipated and now realized loss of $3,600,000 was recognized for tax purposes. Also in 2021, FDMC paid $150,000 in premiums for a two-year life insurance policy in which the company was the beneficiary. Assuming that the enacted tax rate is 20% in both 2021 and 2022, and that FDMC paid $1,170,000 in income taxes in 2021, what amount should be reported as net deferred income taxes on FDMC's balance sheet at December 31, 2021