Corning-Howell reported taxable income in 2012 of s120 million. At December 31, 2012, the reported amount of some assets and liabilities in the financial statements differed from their tax bases as indicated below: Carrying Amount Tax Basis Assets Current Accounts receivable (net of allowance) 10 million 12 million Prepaid insurance 20 million Prepaid rent expense (operating lease) 6 million Noncurrent 360 million 280 million Buildings and equipment (net) Liabilities Current Liability--subscriptions received 14 million Long-term Liability, postretirement benefits 594 million Shareholders' Equity Unrealized gain from recording investments 4 million available for sale at fair value "Taxable when investments are sold. The total deferred tax asset and deferred tax liability amounts at January 1, 2012, were $125 million and million, respectively. The enacted tax rate is 20% each year