A reconciliation of Gentry Company's pretax accounting income with its taxable income for 2012, its first year of operations, is as follows: Pretax accounting income $3,000,000 Excess tax depreciation (180,000) Taxable income $2,820,000 The excess tax depreciation will result in equal net taxable amounts in each of the next three years. Enacted tax rates are 40% in 2012, 35% in 2013 and 2014, and 30% in 2015. The total deferred tax liability to be reported on Gentry's balance sheet at December 31, 2012, is a. $72,000. b. $60,000. c. $63,000. d. $54,000. I know the answer is D. , how do you solve this