Company C had the following investment. Help them determine the financial statement implications of the investment.

Tax rate	21%
Estimated tax payment	21,000

Investment cost and ending fair values for 20X1 and 20X2:

	20X1	20X2
Cost	100,000	100,000
Fair value	110,000	134,000
Total gain	10,000	34,000

20X1 income statement information:

Sales	1,670,200
Expenses	1,536,600

Assuming the investement is short-term, what is the deferred taxes payable on the 20X2 balance sheet?