At the end of fiscal year 2018, the GAAP book value of the fleet was $6,230,000, while the tax book value was $5,610,000. Fresno's taxable income for fiscal year 2018 was $6,400,000. Its tax rate was 40%. Requirement 1. Calculate the deferred tax liability related to the fleet as of the end of fiscal year 2018. The deferred tax liability as of the end of fiscal year 2018 is