Concord Corp. reported the following differences between SFP carrying amounts and tax bases at December 31, 2019:

		Carrying Amount			Tax Base
Depreciable assets		$104,000			$70,200
Warranty liability (current liability)		16,500			0
Pension liability (long-term liability)		38,600			0

The differences between the carrying amounts and tax bases were expected to reverse as follows:

		2020		2021		After 2021
Depreciable assets		$17,500		$13,000		$3,300
Warranty liability		16,500		0		0
Accrued pension liability		12,000		11,000		15,600

Tax rates enacted at December 31, 2019 were 31% for 2019, 30% for 2020, 29% for 2021, and 28% for 2022 and later years. During 2020, Concord Corp. made four quarterly tax instalment payments of $9,000 each and reported income before income tax on its income statement of $110,300. Included in this amount were dividends from taxable Canadian corporations of $4,300 (non-taxable income) and $18,000 of expenses related to the executive teams golf dues (non-tax-deductible expenses). There were no changes to the enacted tax rates during the year. As expected, book depreciation in 2020 exceeded the capital cost allowance claimed for tax purposes by $17,500, and there were no additions or disposals of property, plant, and equipment during the year. A review of the 2020 activity in the Warranty Liability account in the ledger indicated the following:

Balance, Dec. 31, 2019		$16,500
Payments on 2019 product warranties		(17,900	)
Payments on 2020 product warranties		(5,600	)
2020 warranty accrual		29,300
Balance, Dec. 31, 2020		$22,300

All warranties are valid for one year only. The Pension Liability account reported the following activity:

Balance, Dec. 31, 2019		$38,600
Payment to pension trustee		(71,000	)
2020 pension expense		59,000
Balance, Dec. 31, 2020		$26,600

Pension expenses are deductible for tax purposes, but only as they are paid to the trustee, not as they are accrued for financial reporting purposes. Concord Corp. reports under IFRS.

Calculate the Deferred Tax Asset or Deferred Tax Liability account at December 31, 2019.

Deferred tax liability/asset

$

Calculate the Deferred Tax Asset or Deferred Tax Liability account at December 31, 2020.

Deferred tax asset/liability

$

Prepare all income tax entries for Concord Corp. for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
December 31, 2020
	(To record current tax expense)
December 31, 2020
	(To record deferred tax expense)