Cullumber Co. at the end of 2020, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income Estimated litigation expense Extra depreciation for taxes Taxable income $3660000 4660000 (6648000) $ 1672000 The estimated litigation expense of $4660000 will be deductible in 2021 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $2216000 in each of the next 3 years. The income tax rate is 20% for all years. The deferred tax asset to be recognized is $334400. $443200. $732000. $932000