LOreal Company prepared the following reconciliation for its fint year of operations: Pretax financial income for 1987 $ 1.500.000 Taxable income $1.300.000 The temporary difference will reverse evenly over the next two years at an enacted tax rate of 304. The enacted tax rate for 19871 30% What amount should be reported in its 1987 income statement as the deferred portion of income tax expense