At December 31, 2019, Sunland Company had a net deferred tax liability of $348,200. An explanation of the items that compose this balance is as follows 2 Temporary Differences Resulting Balances in Deferred Taxes $181,400 Excess of tax depreciation over book depreciation Accrual, for book purposes, of estimated loss contingency from pending lawsuit that is expected to be settled in 2020. The loss will be deducted on the tax return when paid. Accrual method used for book purposes and installment method used for tax purposes for an isolated installment sale of an investment. (49,000 215,800 $348,200 In analyzing the temporary differences, you find that $31,700 of the depreciation temporary difference will reverse in 2020, arid $117.300 of the temporary difference due to the installment sale will reverse in 2020. The tax rate for all years is 20% Indicate the marther in which deferred taxes should be presented on Sunland Company's December 31, 2019, balance sheet. Sunland Company Balance Sheet (Partial) December 31, 2019 Nnment Dabilities Dulered Tax