At the beginning of 2021; Sandhill, Inc. had a deferred tax asset of $24000 and a deferred tax liability of $34000. Pre-tax accounting income for 2021 was $1580000 and the enacted tax rate is 20%. The following items are included in Sandhills pre-tax income:

Interest income from municipal bonds	$128000
Accrued warranty costs, estimated to be paid in 2022	$268000
Operating loss carryforward	$198000
Installment sales profit, will be taxed in 2022	$138000
Prepaid rent expense, will be used in 2022	$64000

The ending balance in Sandhill, Inc.s deferred tax liability at December 31, 2021 is

$40400

$81200

$70400

$27600