Quinn Co. reported a net deferred tax asset of $9,000 in its December 31, year 1 balance sheet. For year 2, Quinn reported pretax financial statement income of $300,000. Temporary differences of $100,000 resulted in taxable income of $200,000 for year 2.
At December 31, year 2, Quinn had cumulative taxable differences of $70,000. Quinn's effective income tax rate is 30%.
In its December 31, year 2, income statement, what should Quinn report as deferred income tax expense?