Wright Co., organized on January 2, 2021, had pretax accounting income of $960000 and taxable income of $3120000 for the year ended December 31, 2021. The only temporary difference is accrued product warranty costs which are expected to be paid as follows:

yr 2022

$720000

yr 2023

360000

yr 2024

360000

yr 2025

720000

The enacted income tax rates are 25% for 2021, 20% for 2022 through 2024, and 15% for 2025. If Wright expects taxable income in future years, the deferred tax asset in Wright's December 31, 2021 balance sheet should be