Problem 1. Questions 1, 2, and 3. Winter Gear, Inc. business on January 1, 20X1. The company used the actual write-off of the receivable for the recorded bad debt expense in the below income statement Credit sales $678,000 Bad debt expense as a percentage of sales 2% Write-off of accounts receivable $1,000 Tax rate T 30% Estimated tax payment $31,000 Incorrect income statement, for the year ended December 31 Sales $678,000 Expenses 549,200 Bad debt expense 1,000 Pretax income 127,800 Tax expense 38,340 Net income 89,460 3) What is the deferred tax asset for 20X1