Cathy Company had the following data for its first year of operations: Depreciation expense Income before taxes Income Statement $10,000 $200,000 Tax Return $30,000 $180,000 Cathy's tax rate is 25%. 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? $15,000 O $6,000 $45,000 O $5,000 $50,000