The european specialty company, which prepares its financial statements under ifrs, has reported income before taxes of $1,300 on its financial statements and taxable income of $900. the $400 difference is due exclusively to a gain recognized for financial statement purposes in the current year that will be taxed 3 years later. the company is subject to a tax rate of 25% in the current year and, based on enacted tax law, will be subject to tax at the rate of 35% in the year in which the $400 will be taxable. after the date of the financial statements, but prior to their issuance, the future tax rate was reduced from 35% to 30%. what amount of deferred tax liability will european specialty recognize in its current financial statements?