Kantner, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year. Assume a 21% Federal corporate tax rate and no valuation allowance.

The beginning of the year book-tax basis difference for the deferred tax asset is listed below. Complete the table and determine the change in Kantner's deferred tax assets for the current year.

Tax Book Debit/(Credit) Debit/(Credit) Assets Cash $1,000 $1,000 Accounts receivable 9,000 9,000 Buildings 850,000 850,000 (700,000) Accumulated depreciation (620,000) 40,000 Furniture and fixtures 40,000 Accumulated depreciation (10,000) (8,000) $190,000 $272,000 Total assets Liabilities Accrued warranty expense $0 ($40,000) Note payable (16,000) (16,000) Total liabilities ($16,000) ($56,000) Stockholders' Equity Paid-in capital ($50,000) ($50,000) Retained earnings (166,000) (124,000) Total liabilities and stockholders' equity ($190,000) ($272,000)