Cathy Company had the following data for its first year of operations: Income Statement Tax Return Depreciation expense Income before taxes $10,000 $200,000 $30,000 $180,000 Cathy's tax rate is 20%. Cathy has not made any payments for income taxes during the year. Assuming no other differences between tax and accounting income, what should Cathy Company report as its deferred tax liability at the end of its first year of operations? O $16,000 O $36,000 O $4,000 $40,000 O $5,000