Kate Club Inc. has determined that there are four temporary differences between the tax basis and the GAAP book value of assets and liabilities that resulted in the following deferred taxes:

(a) deferred tax liability related to accelerated tax depreciation over straight-line depreciation: \(\$ 20,000\);

(b) deferred tax asset related to deferred contract (one-year contracts) revenue collected in advance, \(\$ 24,000\);

(c) deferred tax asset related to bad debt expense recognized on an allowance basis, \(\$ 10,000\); and

(d) deferred tax liability related to prepaid automobile insurance, \(\$ 8,000\). Prepare the balance sheet presentation of deferred taxes.