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A reconciliation of Cullumber Company's pretax accounting income with its taxable income for 2 0 2 5 , its first year of operations, is as

A reconciliation of Cullumber Company's pretax accounting income with its taxable income for 2025, its first year of operations, is as follows:
Pretax accounting income $5,700,000
Excess tax depreciation (297000)
Taxable income $5403000
The excess tax depreciation will result in equal net taxable amounts in each of the next three years. Enacted tax rates are 30% in 2025,25% in 2026 and 2027, and 20% in 2028. The total deferred tax liability to be reported on Cullumber's balance sheet at December 31,2025 is

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