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Real Food Chef bought a long-term investment on January 1, 20X1. Information on the investment is as follows. Cost 415,000 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 415,000 Fair value at December 31, 20X1 452,000 Fair value at December 31, 20X2 469,000 Fair value at December 31, 20X3 436,000 Tax rate 21% What is the balance of deferred taxes payable-long-term investment at December 31, 20X3?

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