Parker Corporation prepared the following reconciliation for 2017, its first year of operations: Pretax financial income for 2017 $ 2,060,000 Tax exempt interest (350,000) Originating temporary difference (690,000) Taxable income $ 1,020,000 The temporary difference will reverse evenly over the next two years at an enacted tax rate of 35%. The enacted tax rate for 2017 is 30%. What amount should Grey report in its 2017 income statement as the deferred portion of the provision for income taxes?