On January 1, year 1,$1,000,000 was collected in advance for rental of a building for a five-year period. The entire $1,000,000 was reported as taxable income for the year. The enacted tax rate for this year is 44%. The enacted tax rate for all future years is 46% Compute the balance in the deferred tax asset at December 31 , year 1 . SHOW COMPUTATIONS