Assume a company reports a pretax loss of $50 million in 2021 for financial reporting and...

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Assume a company reports a pretax loss of $50 million in 2021 for financial reporting and tax purposes. In 2022, the company reports pretax income of $80 million for financial reporting and tax purposes. Assume no other book-tax differences and no other net operating loss carryforwards. The income tax rate is 25%. What is the balance in the company's deferred tax asset at the end of 2022? Report the answer in millions. Round to one decimal. Assume a company reports a pretax loss of $50 million in 2021 for financial reporting and tax purposes. In 2022, the company reports pretax income of $80 million for financial reporting and tax purposes. Assume no other book-tax differences and no other net operating loss carryforwards. The income tax rate is 25%. What is the balance in the company's deferred tax asset at the end of 2022? Report the answer in millions. Round to one decimal.

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