The following items create deferred tax assets and deferred tax liabilities at December 31, 2020.

1. Prepaid operating expenses of \(\$ 25,000\) are tax deductible when paid.

2. Excess tax depreciation (MACRS) over GAAP depreciation (straight-line) is \(\$ 22,000\).

3. Warranty liability of \(\$ 8,000\) is tax deductible when incurred.

4. Installment sales of \(\$ 80,000\) are recorded on an accrual basis for book purposes and taxed when collected.

5. Taxable income is \(\$ 320,000\) for 2020 and the tax rate is \(25 \%\).

Required 

Show how all tax-related items would be reported on the December 31, 2020, balance sheet.