Blossom Co. establishes a $122,000,000 liability at the end of 2017 for the estimated site-cleanup costs at two of its manufacturing facilities. All related closing costs will be paid and deducted on the tax return in 2018. Also, at the end of 2017, the company has $61,000,000 of temporary differences due to excess depreciation for tax purposes, $8,540,000 of which will reverse in 2018. The enacted tax rate for all years is 40%, and the company pays taxes of $78,080,000 on $195,200,000 of taxable income in 2017. Blossom expects to have taxable income in 2018. Determine the deferred taxes to be reported at the end of 2017 Deferred tax assets Deferred tax liabilities SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Indicate how the deferred taxes computed above are to be reported on the balance sheet. Blossom Co. Balance Sheet SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT