Differences between financial statement and taxable income were as follows: Pretax accounting income Permanent difference $ 430 (37) 393 (31) 362 Temporary difference Taxable income 2:24:33 The cumulative temporary difference to date is $53 million (also the future taxable amount). The enacted tax rate is 40% what is deferred tax asset or liability to be reported in the balance sheet? (Enter your answer in million rounded to 1 decimal place (i.e.. 5,500,000 should be entered as 5.5) ook million nces