Kantrier, Inci, is a dornestic corporatan whth the following balance sheet for book ond tax purposes at the end of the vear. based on this information, determine Kanther's net Federal deferred tax asset or net deferred tax liability at year-end. Kanther, Inc. a domestic corporation, reported two permanent differences between book and taxable income. It earned \\( \\$ 7,800 \\) in taxexempt municipal bond interest, and reported \\( \\$ 850 \\) of nondeductible business meals expense. Kantner's book income before tax is \\( \\$ 50,000 \\). Assume a \21 Federal corporate tax rate, no state or foreign taxes, and no need for a valuation allowance, Provide the information for the income tax footnote rate reconciliation for Kantner. For dollar amounts, if required, round to the nearest dollar and use rounded amounts in subsequent computations. For the percentage answers, round to four decimal places before converting to a percentage. For example, 5632 would be entered as \56.32