Wrest Co., organized on January 2, 2014, had pretax book income of $640,000 Taxable income is $2,080,000 for the year ended December 31, 2014. The only temporary difference is accrued product warranty costs which are expected to be paid as follows: 2015 2016 2017 2018 $480,000 240,000 240,000 480,000 The enacted income tax rates are 35% for 2014, 30% for 2015 through 2017, and 25% for 2018. If Wrest expects taxable income in future years, the deferred tax asset in Wrest's December 31, 2014 balance sheet should be $288,000. $336,000. $408,000. $504,000.