Davis, Inc. uses the accrual method of accounting and the calendar year accounting period for both financial reporting and tax purposes. Davis has provided the following information from its 2010 financial statements:
Operating Revenue
Sales - $1,000,000
Cost of Goods Sold - 400,000
Gross Profit - 600,000
Operating Expenses
Meals and Entertainment - 40,000
Bad Debts - 10,000
Depreciation - 100,000
Warranty Expense - 20,000
Fine (levied by Environmental Protection Agency) - $10,000
Other Expenses - 250,000
Other Income
Municipal Bond Interest Income - 10,000
Net Income Before Tax - 180,000
Federal Income Tax - 80,000
Net Income - 100,000
In addition, Davis has provided the following information:
• Allowance for Doubtful Accounts December 31, 2009 - $15,000
• Allowance for Doubtful Accounts December 31, 2010 - $20,000
• MACRS depreciation (including §179 deduction) for 2010 - $175,000
• Warranty Reserve December 31, 2009 - $50,000
• Warranty Reserve December 31, 2010 - $40,000
• Accumulated depreciation per financial statements December 31, 2010 - $400,000
• Accumulated tax depreciation (including §179) December 31, 2010 - $500,000
At December 31, 2010, what the gross amount of Davis' deductible temporary differences is: