Determine the balance of any deferred tax asset or liability accounts on December 31, 2019, 2020, and 2021.

The accounting records of Culver Corp., a real estate developer, indicated income before income tax of $843,000 for its year ended December 31, 2020, and of $553,000 for the year ended December 31, 2021. The following data are also available. 1. Culver Corp. pays an annual life insurance premium of $10,900 covering the top management team. The company is the named beneficiary. 2. The carrying amount of the company's property, plant, and equipment at January 1, 2020 was $1,263,000, and the UCC at that date was $998,000. Culver recorded depreciation expense of $165,000 and $198,000 in 2020 and 2021, respectively. CCA for tax purposes was $194,000 and $173,500 for 2020 and 2021, respectively. There were no asset additions or disposals over the two-year period. 3. Culver deducted $212,000 as a restructuring charge in determining income for 2019. At December 31, 2019, an accrued liability of $199,000 remained outstanding relative to the restructuring, which was expected to be completed in the next fiscal year. This expense is deductible for tax purposes, but only as the actual costs are incurred and paid for. The actual restructuring of operations took place in 2020 and 2021, with the liability reduced to $70,000 at the end of 2020 and to $0 at the end of 2021. 4. In 2020, property held for development was sold and a profit of $58,000 was recognized in income. Because the sale was made with delayed payment terms, the profit is taxable only as Culver receives payments from the purchaser. A 10% down payment was received in 2020, with the remaining 90% expected in equal amounts over the following three years. 5. Non-taxable dividends of $3,270 in 2020 and of $3,550 in 2021 were received from taxable Canadian corporations. 6. In addition to the income before income tax identified above, Culver reported a before-tax gain on discontinued operations of $19,100 in 2020. 7. A 30% rate of tax has been in effect since 2018. Culver Corp. follows IFRS. (a) Determine the balance of any deferred tax asset or liability accounts at December 31, 2019, 2020, and 2021. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2019 2020 PP&E Restructuring Charges Profit on Property Sale 7. A 30% rate of tax has been in effect since 2018. Culver Corp. follows IFRS. (a) Determine the balance of any deferred tax asset or liability accounts at December 31, 2019, 2020, and 2021. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) 2020 2021 >