Saltine Incs income statement for its first year of operations shows pretax income of $9,000,000. In addition, the following differences existed between Saltine's tax return and records:

	Tax return	Accounting records
Uncollectible accounts expense	$ 460,000	$ 550,000
Depreciation expense	620,000	280,000
Tax-exempt interest revenue	-	15,000

Saltine's current year tax rate is 30% and the enacted rate for future years is 40%. What amount should Saltine report as deferred tax expense in its income statement for the year?