Parker Corporation prepared the following reconciliation for 2020, its first year of operations: Pretax financial income for 2020: $2,060,000 Tax exempt interest: $(350,000) Originating temporary difference: $690,000 Taxable income is $1,020,000 The temporary difference will reverse evenly over the next two years at an enacted tax rate of 35%. The enacted tax rate for 2020 is 30%. Which amount should Parker report in its 2020 income statement as the deferred portion of the provision for income taxes