Depreciation for taxes is 1,550,000 of which $500,000 is bonus depreciation for current year additions. Income Statement. Income. Gross sales. 100,000,000 dollars. Sales returns and allowances. Expense of 1500,000 dollars. Net sales. 98500,000 dollars. Cost of goods sold 35,000,000 dollars. Gross profit. 63,500,000 dollars. Dividends- 10% owed US Corp 800,000. Dividends XXX stock owed in Corp own 25% 1,500,000. Gain on sale of XYZ shares 100,000. Interest income. Bonds 250,000. CDs 150,000. Checking account 100,000. Total Income 66,400,000. Salaries CEO 4,500,000. Salaries CFO 1,500,000. Salaries COO 2,500,000. Bad debts 2,000,000. Other salaries and wages 7,5000,000. Taxes state and local all deductible 950,000. Repairs and maintenance 140,000. Legal contingency (not paid) 6,500,000. Loan to purchase bond 250,000. Line of credit 650,000. Research and development expenses 1,500,000. Travel 250,000. Meals 300,000. Entertainment 275,000. Warranty expense (no claims in 2022) 280,000. Advertising 200,000. Lobbying expense 25,000. Book depreciation 600,000. Cash charitable contributions 100,000. Premiums of life insurance for officers 275,000. Loss-trek enterprises stock 350,000. Total expense 30,645,000. Net income before taxes 35,755,000. Federal taxes 7,508,550. Net income per books 28246450. Cash 12-31-2021 $1500000 Cash 12-31-2022 (52145000) Accounts receivable 12-31-2021 2500000 12-31-2022 7500000 Bad debt allowance 12-31-2021 0 12-31-2022 (2000000) Inventories 12-31-1021 45000000 12-31-2022 60000000 Warranty reserve 12-31-2022 (280000) Stock investment 12-31-2021 0 12-31-2022 30000000 Muni bonds 12-31-2021 0 12-31-2022 12500000 Cds and treasury 12-31-2021 0 12-31-2022 10000000 Office equipment 12-31-2021 5000000 12312022 5500000 Accumulated depreciation 12-31-2021 (25000000) 12-31-2022 (3100000) What is the deferred tax asset for 12-31-2022