NELLIE CHUN Company provided the following information at

year$-$end:

An allowance for doubtful accounts of $P250,000$ has been

raised against accounts receivable for accounting purposes but

such doubtful accounts are deductible only when written off as

uncollectible. The enacted income tax rate is $30\%.$

In a nutshell, $25\%$ and $15\%$ are the depreciation rates for

taxation and accounting respectively. In addition, the provision

for warranty costs is deductible when paid and deposits

received in advance are taxable when received.

REQUIRED:

$(10)$ What amount should be reported as deferred tax liability?

$(11)$ What amount should be reported as deferred tax asset?