At December 31, 2019. Tamarisk Company had a net deferred tax liability of $354,500. An explanation of the items that compose this balance is as follows Resulting Balances in Deferred Taxes Temporary Differences 1 Excess of tax depreciation'over book depreciation $205,600 2 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. (54,500) 3 Accrual method used for book purposes and installment method used for tax purposes for an isolated installment sale of an investment. 203,400 $354,500 In analyzing the temporary differences, you find that $32,500 of the depreciation temporary difference will reverse in 2020, and $125,900 of the temporary difference due to the installment sale will reverse in 2020. The tax rate for all years is 20% Indicate the manner in which deferred taxes should be presented on Tamarisk Company's December 31, 2019, balance sheet. Tamarisk Company Balance Sheet (Partial).