H Company began 2021 with a P184,000 balance in the deferred tax liability account. At the end of 2021, the related cumulative future taxable amount is P700,000 and it will reverse evenly over the next two years. Pretax accounting income for 2021 is P1,050,000. Tax rate for all years is 32%. Taxable income for 2021 is P925,000. How much should be the deferred tax expense for 2021?