In 2020, Howard Inc. earns pretax book net income of $600,000. The corporation purchases a depreciable asset in 2020, and the first-year tax depreciation exceeds book depreciable by $60,000. Howard also deducts $12,000 of business meals for book purposes. Howard Inc. has no other temporary or permanent book-tax differences. Compute Howards deferred income tax expense for 2020. [Do not enter commas, decimals or dollar signs in your answer]