Dario Corp. is a publicly accountable entity with a December 31 year end. The deferred income tax asset account as at December 31, 2020, was based on two temporary differences: ● net book value of property, plant, and equipment of $5,600,000 versus undepreciated capital cost (UCC) of $6,100,000 ● a warranty liability of $350,000 Data for 2021 are as follows: 350,000 1,450,000 Depreciation expense Capital cost allowance Warranty expense Warranty costs incurred 150,000 165,000 130,000 Expenses included in the calculation of net income before taxes but which will only be deductible in 2022 There were NO additions to property, plant, and equipment during the year. The income tax rate in effect at December 31, 2020, was 30%. The 2021 income tax rate was enacted on July 2, 2021, and is 28%. The 2022 income tax rate was enacted on December 31, 2021, and is 25%. Required: Calculate the deferred portion of income tax expense for the year ended December 31, 2021.

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…