Assuming the following facts: Target Corp was purchased by Buyer Corp for $$10$ million. Buyer Corp has NOLs of $$8$ million and had a valuation allowance against

them instead of Purchased Corp.

$$ Target Corp has no NOL and no valuation allowance.

$$ Assume a statutory income tax rate of $21\%$ The purchase price allocation is as follows: Fixed Assets $$2,000,000($Book$)$ $$2,000,000($Tax$),$ Intangibles $$5,000,000($Book$)$ $$0($Tax$),$ Goodwill $$3,000,000($Book$)$ $$0($Tax$).$ What is the opening balance sheet entry for tax purposes under ASC $805?$