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Cullumber Corp, reported the following differences between SFP carrving amounts and tax bases at December 31, 2022: The differences between the carrying amounts and tax

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Cullumber Corp, reported the following differences between SFP carrving amounts and tax bases at December 31, 2022: The differences between the carrying amounts and tax bases were expected to reverse as follows: Tax rates enacted at December 31, 2022 were 33\% for 2022,32% for 2023,31\% for 2024, and 30% for 2025 and later years. During 2023, Cullumber made four quarterly tax instalment payments of \$7,500 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 $3,900 inon-taxable income) and 519,000 of expenses related to the executive team's golf dues (non-tax-deductible expenses). There were no changes to the enacted tax rates during the year. As expected, book depreciation in 2023 exceeded the capital cost allowance claimed for tax purposes by $17,500, and there were no additions or disposals of property, plant, and equilmentiduring the year. A review of the 2023 activity in the Warranty Liability account in the iedger indicated the following:- All warranties are valid for one year only. The Pension Liabelity account reported the following activity: All warranties are valid for one year only. The Pension Liability account reported the following activify: Pension expenses are deductible for tax purposes, but only as they are pald to the trustee, not as they are accrued for furancial repor ting purposes. Cullumber reports under IFRS. (a) Calculate the Deferred Tax Asset or Deferred Tax Liability account at December 31, 2022. Cullumber Corp, reported the following differences between SFP carrving amounts and tax bases at December 31, 2022: The differences between the carrying amounts and tax bases were expected to reverse as follows: Tax rates enacted at December 31, 2022 were 33\% for 2022,32% for 2023,31\% for 2024, and 30% for 2025 and later years. During 2023, Cullumber made four quarterly tax instalment payments of \$7,500 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 $3,900 inon-taxable income) and 519,000 of expenses related to the executive team's golf dues (non-tax-deductible expenses). There were no changes to the enacted tax rates during the year. As expected, book depreciation in 2023 exceeded the capital cost allowance claimed for tax purposes by $17,500, and there were no additions or disposals of property, plant, and equilmentiduring the year. A review of the 2023 activity in the Warranty Liability account in the iedger indicated the following:- All warranties are valid for one year only. The Pension Liabelity account reported the following activity: All warranties are valid for one year only. The Pension Liability account reported the following activify: Pension expenses are deductible for tax purposes, but only as they are pald to the trustee, not as they are accrued for furancial repor ting purposes. Cullumber reports under IFRS. (a) Calculate the Deferred Tax Asset or Deferred Tax Liability account at December 31, 2022

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