Crane Co. at the end of 2017, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows:

Pretax financial income	$2340000
Estimated litigation expense	3340000
Extra depreciation for taxes	(5352000)
Taxable income	$ 328000

The estimated litigation expense of $3340000 will be deductible in 2018 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $1784000 in each of the next 3 years. The income tax rate is 30% for all years. The deferred tax liability to be recognized is