Real Food Chef bought a long-term investment on January 1, 20X1. Information on the investment is as follows. Cost Fair value at December 31, 20X1 480,000 523,000 Fair value at December 31, 20X2 542,000 Fair value at December 31, 20X3 Tax rate 504,000 21% What is the balance of deferred taxes payable-long-term investment at December 31, 20X3? Numeric Response