Black, Inc $\text { Assets } \quad \text { Tax Debit/(Credit) Book Debit/(Credit) }$

Black, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year. Assume a 21% corporate tax rate and no valuation allowance.
$\text { Assets } \quad \text { Tax Debit/(Credit) Book Debit/(Credit) }$
$\begin{array}{lrr}\text { Cash } & \$ 300 & \$ 300 \\\text { Accounts Receivable } & 5,000 & 5,000 \\\text { Buildings } & 300,000 & 300,000 \\\text { Accumulated Depreciation } & (150,000) & (80,000) \\\text { Furniture \& Fixtures } & 40,000 & 40,000 \\\text { Accumulated Depreciation } & (21.000) & (15,000)\\\text { Total Assets }&\$174,000&\$250,300\\\\\text { Liabilities }\\\text { Accrued Litigation Expense } & \$-0- & (\$ 27,000) \\\text { Note Payable } & {(116,000)} & (116,000) \\\text { Total Liabilities } &{(\$ 116,000)}& \$ 143,000)\\\\\text { Stockholders' Equity }\\\text { Paid in Capital } & (\$ 1,000) & (\$ 1,000) \\\text { Retained Earnings } & (57,300) & (106,300) \\\text { Total Liabilities and } & & \\\text { Stockholders' Equity } & (\$ 174,300) & (\$ 250,300)\\\end{array}$
Black, Inc.'s, book income before tax is $6,000. Black records two permanent book-tax differences.
It earned $250 in tax-exempt municipal bond interest, and it incurred $500 in nondeductible business meals expense. Determine the change in Black's deferred tax assets for the current year.