At December $31,2022,$ Blossom Corporation had a temporary difference $($related to pensions$)$ and reported a related

deferred tax asset of $$30,600$ on its balance sheet. At December $31,2023,$ Blossom has five temporary differences. An

analysis reveals the following:

Temporary Difference

Pension liability: expensed as incurred on the books; deductible when funded for tax purposes

Royalties collected in advance: recognized when earned for accounting purposes and when received for tax purp

Accrued liabilities: various expenses accrued for accounting purposes and recognized for tax purposes when paic

Deferred gross profit: profits recognized on instalment sales when sold for book purposes, and as collected for t$$

Equipment: straight$-$line depreciation for accounting purposes, and CCA for tax purposes

The enacted tax rate has been $30\%$ for many years. In November $2023,$ the rate was changed to $28\%$ for all periods

after January $1,2025.$ Assume that the company has income tax due of $$180,000$ on the $2023$ tax return and that

Blossom follows IFRS.

$($a$)$

Indicate how deferred taxes should be presented on Blossom's December $31,2023$ SFP$.$

BLOSSOM CORPORATION

$($Partial$)$ Balance Sheet

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