Bonita Corporation has a cumulative temporary difference related to depreciation of $562,000 at December 31, 2020. This difference will reverse as follows: 2021, $49,000; 2022, $230,000; and 2023, $283,000. Enacted tax rates are 17% for 2021 and 2022, and 20% for 2023. Compute the amount Bonita should report as a deferred tax liability at December 31, 2020.

Deferred tax liability at December 31, 2020

At December 31, 2020, Sunland Corporation had a deferred tax liability of $26,800. At December 31, 2021, the deferred tax liability is $42,800. The corporations 2021 current tax expense is $49,300. What amount should Sunland report as total 2021 income tax expense?

Total income tax expense for 2021