In year 1, Mustang Company had pretax accounting income of $500,000 and taxable income of $400,000. The difference is due to a single temporary difference that will reverse in equal amounts over the next four years (years 2, 3, 4, 5). The current tax rate is 25%. Recent tax legislation will change that rate to 20% beginning in year 4. What is the balance in the deferred tax account at the end of year 1? Mustang had no deferred tax accounts before this year