Teal Corporation began operations in 2020 and reported pretax financial income of $224,000 for the year. Teal’s tax depreciation exceeded its book depreciation by $44,000. Teal’s tax rate for 2020 and...

Teal Corporation began operations in 2020 and reported pretax financial income of $224,000 for the year. Teal’s tax depreciation exceeded its book depreciation by $44,000. Teal’s tax rate for 2020 and years thereafter is 30%. In its December 31, 2020, balance sheet, what amount of deferred tax liability should be reported?