On December $31,$ DePaul Corporation had the following cumulative temporary differences associated with its operations:

Estimated warranty expense, $$28$ million temporary difference: expense recorded in the year of the sale; tax$-$dedible

when paid $($one$-$year warranty$).$

Depreciation expense, $$108$ million temporary difference: straight$-$line in the income statement; MACRS on the tax return.

Income from installment sales of properties, $$60$ million temporary difference: income recorded in the year of the sale;

taxable when received equally over the next five years.

Rent revenue collected in advance, $$28$ million temporary difference; taxable in the year collected; recorded as income when

the performance obligation is satisfied in the following year.

Required:

Assuming DePaul will show a single noncurrent net amount in its December $31$ balance sheet, indicate that amount and whether it

is a net deferred tax asset or liability. The tax rate is $25\%.$

Note: Enter your answer in millions $($i$.$e$.,10,000,000$ should be entered as $10).$