Desperate Limited incurred a loss of $237,000 for tax purpose in 2017. This was due to one-off circumstances and its expected that Desperate Limited will make profits again in 2018 and subsequent years. There are no temporary differences in either year. In 2018 Desperate Limited makes a profit of $421,000. The tax rate is 30%. The tax journal entries at 30 June 2017 is as follows:

30 June 2017	Debit	Credit
Dr. deferred tax asset	71100
Cr. income tax revenue		71100

The tax journal entries at 30 June 2018 is as follows:

30 June 2018	Debit	Credit
Dr. income tax expense
Cr. deferred tax asset
Cr. income tax payable		xxx

Enter the amount of xxx