Novak Limited had investments in securities on its SFP for the first time at the end of its fiscal year ended December 31, 2020. Novak reports under IFRS and its investments in securities are to be accounted for at fair value through net income. During 2020, realized losses and gains on the trading of shares and bonds resulted in investment income, which is fully taxable in the year. Novak also accrued unrealized gains at December 31, 2020, which are not taxable until the investment securities are sold. The portfolio of trading securities had an original cost of $344,750 and a fair value on December 31, 2020, of $347,850. The entry recorded by Novak on December 31, 2020, was as follows:

FV-NI Investments			3,100
	Investment Income or Loss				3,100

Income before income tax for Novak was $350,000 for the year ended December 31, 2020. There are no other permanent or reversing differences in arriving at the taxable income for Novak Limited for the fiscal year ended December 31, 2020. The enacted tax rate for 2020 and future years is 30%. Calculate the deferred tax balance at December 31, 2020. Also, calculate taxable income and NITP.