At December 31, DePaul Corporation had a $16 million balance in its deferred tax asset account and a $88 million balance in its deferred tax liability account. The balances were due to the following cumulative temporary differences: 1. Estimated warranty expense, $15 million: expense recorded in the year of the sale; tax-deductible when pald (one-year warranty). 2. Depreciation expense, $170 million: straight-line In the Income statement; MACRS on the tax return. 3. Income from Installment sales of properties, $50 million: Income recorded in the year of the sale, taxable when received equally over the next five years. 4. Rent revenue collected in advance, $25 million; taxable in the year collected, recorded as Income when the performance obligation Is satisfied in the following year. Required: Assuming DePaul will show a single noncurrent net amount in its December 31 balance sheet, indicate that amount and whether it is a net deferred tax asset or liability. The tax rate is 40%. Determine the deferred tax amounts to be reported in the December 31 balance sheet. The tax rate is 40%. (Enter your answers in millions.) Net deferred tax asset million