1. Porpoise acquires 100% of Sunfish in a tax-free business combination. The applicable income tax rate is 30%. Based on the following information about the assets and liabilities of Sunfish, what amount should Porpoise record as a deferred tax balance for this acquisition for purposes of consolidation on the date of acquisition? Enter a minus sign to denote a credit (e.g.-200).

   	Old book basis	Old tax basis	Fair value
   Cash	$200,000	$200,000	$200,000
   Equipment, net of depreciation	1,000,000	500,000	750,000
   Patents	0	0	1,500,000
   Accounts payable	(300,000)	(300,000)	(300,000)
   Deferred income taxes payable	(150,000)	NA	?
   Notes payable	(200,000)	(200,000)	(230,000)