Relix, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year. Based on this information, determine Relix's net deferred tax asset or net deferred tax liability at year-end.
Assume a 21% Federal corporate tax rate and no valuation allowance.

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Тах Book Debit/(Credit) Debit/(Credit) Assets Cash 500 500 Accounts receivable 8,000 8,000 Buildings Accumulated depreciation 750,000 750,000 (380,000) (450,000) Furniture & fixtures 70,000 70,000 Accumulated depreciation (46,000) $332,500 (38,000) $410,500 Total assets Liabilities $ -0- (78,000) ($ 78,000) ($ 50,000) (78,000) Accrued litigation expense Note payable Total liabilities ($128,000) Stockholders' Equity ($ 10,000) (244,500) ($332,500) ($ 10,000) (272,500) Paid-in capital Retained earnings ($410,500) Total liabilities and stockholders' equity