Bata Company reported the following results for the year ended December $31,2021,$ its first year of operations: $2021$ Income $($per books before income taxes$)$ K $750,000$Taxable income $1,200,000$The disparity between book income and taxable income is attributable to a temporary difference which will reverse in $2022.$ What should Bata record as a net deferred tax asset or liability for the year ended December $31,2021,$ assuming that the enacted tax rates in effect are $40\%$ in $2021$ and $35\%$ in $2022?$