CALCOLATON DACK NEAL Exercise 19-14 (Part Level Submission) Sunland Inc.'s only temporary difference at the beginning and end of 2016 is caused by a $3,600,000 deferred gain for tax purposes for an installment sale of a plant asset, and the related receivable (only one-half of which is classified as a current asset) is due in equal installments in 2017 and 2018. The related deferred tax liability at the beginning of the year is $1,440,000. In the third quarter of 2016, a new tax rate of 34% is enacted into law and is scheduled to become effective for 2018. Taxable income for 2016 is $6,000,000, and taxable income is expected in all future years. (a) Determine the amount reported as a deferred tax liability at the end of 2016 Deferred tax liability $