For 2020, Raleigh Corporation had taxable income of \(\$ 100,000\) and an income tax rate of \(25 \%\). Raleigh had a \(\$ 75,000\) credit balance in its Deferred Tax Liability account. This credit balance was due to the following two temporary differences.

- Carrying value of equipment for accounting purposes, \(\$ 300,000\), tax basis of equipment, \(\$ 200,000\). The equipment has a five-year remaining life.

- Installment sale receivable for accounting purposes, \(\$ 200,000\), and for income tax purposes, \(\$ 0\). The collection period for the \(\$ 200,000\) receivable is the following four years with equal amounts each year.

Required 

Indicate how the deferred tax amounts would be reported on Raleigh's 2020 balance sheet.