Cremshaw Inc.s auditors prepared the following detail reconciliation between book and taxable income. Cremshaws income tax rate is 21%.

Book income before tax	$650,000
Bad debt allowance	$25,000
Meals ($30,000 * 50%)	$15,000
Tax-exempt interest income	$(20,000)
Wages not paid in 2 months	$45,000
Taxable income	$715,000

Compute the net increase in Cremshaws deferred tax assets or liabilities for the year and identify whether deferred tax assets or liabilities increased.