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Real Food Chef bought a long-term investment on January 1, 20X1. Information on the investment is as follows. Cost 325,000 Fair value at December 31,

Real Food Chef bought a long-term investment on January 1, 20X1. Information on the investment is as follows.

Cost 325,000
Fair value at December 31, 20X1 354,000
Fair value at December 31, 20X2 367,000
Fair value at December 31, 20X3 341,000
Tax rate 21%

What is the balance of deferred taxes payable-long-term investment at December 31, 20X3?

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