Can you please just answer number 42. (Based on the facts and results of Problem 41and the beginning of the year book tax basis differences listed below, determine the change in Relix's deferred tax assets for the current year)

42. L02 Based on the facts and results of Problem 41 and the beginning-of-theyear book- tax basis differences listed below, determine the Change in Relix's deferred tax assets for the current year. Beginning of Year Accrued litigation expense $34,000 Subtotal $34,000 Applicable tax rate x 34% Gross deferred tax asset $11,560 41. L02 Relix, Inc, is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year. Based on this information, determine Relix's net deferred tax asset or net deferred tax liability at year-end. Assume a 34% corporate tax rate and no valuation allowance. Tax Book Debit/(Credit) Debit/(Credit) Assets Cash $ 500 $ 500 Accounts receivable 8,000 8,000 Buildings 750,000 750,000 Accumulated depreciation (450,000) (380,000) Furniture 8: fixtures 70,000 70,000 Accumulated depreciation (46,000) (38,000) Total assets 15 332,500 $ 410,500 Liabilities Accrued litigation expense $ 0 ($ 50,000) Note payable (78,000) (78,000) Total liabilities ($ 78,000) (5 128,000) Stockholders' Equity Paid-in capital ($ 10,000) ($ 10,000) Retained earnings (244,500) (272,500) Total liabilities and stockholders' equity ($ 332,500) (5 410,500) \f