Yarman Inc. began business on January 1, 2000. Its pretax financial income for the first 2 years was as follows:

2000	$80,000
2001	$150,000

The following items caused the only differences between pretax financial income and taxable income.

(a) In 2000 the company collected $75,000 of rent; of this amount, $25,000 was earned in 2000; the other $50,000 will be earned equally over the 2001-2002 period. The full $75,000 was included in taxable income in 2000.

(b) The company pays $5,000 a year for life insurance on officers.

(c) In 2001 the company terminated a top executive and agreed to $30,000 of severance pay. The amount will be paid $10,000 per year for 2001-2003. The 2001 payment was made. The $30,000 was expensed in 2001. For tax purposes, the severance pay is deductible as it is paid.

The enacted tax rates existing at December 31, 2000 are:

2000	30%	2002	40%
2001	35%	2003	40%

Determine the net deferred tax asset, if any, as of December 31, 2001?