Bird Company reported $350,000 in book income before income tax during 2021, its first year of operation.The tax depreciation exceeded its book depreciation by $30,000.The tax rate for 2021 and future years is 21%.

1) What amount of deferred tax liability should Bird report in its December 31, 2021 balance sheet?

2) If Bird paid no estimated taxes, what amount of income tax payable should Bird report in its December 31, 2021 balance sheet?