Real Food Chef bought a long$-$term investment on January $1,20$X$1.$ Information on the investment is as follows.

Cost $590,000$

Fair value at December $31,20$X$1643,000$

Fair value at December $31,20$X$2667,000$

Fair value at December $31,20$X$3620,000$

Tax rate $21\%$

What is the balance of deferred taxes payable$-$long$-$term investment at December $31,20$X$3?$