West Corp. leased a building and received the $36,000 annual rental payment on June 15 of the current year. The beginning of the lease was July 1. Rental income is taxable when received. West's tax rates are 30% for the current year and 40% thereafter. West had no other permanent or temporary differences. West determined that no valuation allowance was needed. What amount of deferred tax asset should West report in its balance sheet for the current year ended December 31?
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