On December 31, DePaul Corporation had the following cumulative temporary differences associated with its operations. 1. Estimated warranty expense, $80 milion temporary difference: expense recorded in the year of the sale; tax-deductible when paid (one-yar warranty). 2. Depreciation expense, $160 milion temporary difference: straight-line in the income statement; MACRS on the tax return. 3. Income from installment sales of properties, $160 million temporary difference: income recorded in the year of the sale, taxable when recelved equally over the next five years. 4. Rent revenue collected in advance, $80 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 liablity. The tax rate is 25% Note: Enter your answer in millions (i.e., 10,000,000 should be entered as 10)