Brief Exercise 19-2

Ivanhoe Corporation began operations in 2017 and reported pretax financial income of $226,000 for the year. Ivanhoes tax depreciation exceeded its book depreciation by $39,000. Ivanhoes tax rate for 2017 and years thereafter is 30%. In its December 31, 2017, balance sheet, what amount of deferred tax liability should be reported?

Deferred tax liability to be reported

$