Cory, Inc., uses the accrual method of accounting for financial reporting purposes and appropriately uses the installment method of accounting for income tax purposes. Installment income of $250,000 will be collected in the following years when the applicable enacted tax rates are Year Year 1 Year 2 Year 3 Year 4 Collection of Income 25,000 50,000 75,000 100,000 Enacted Tax Rates 30% 30% 30% 2.5% The installment income is Cory's only temporary difference. What amount should be included in the deferred income tax liability in Cory's December 31, Year 1, balance sheet? A. $62,500 B. $75,000 C. $70,000 D. $67,500 (Alt + A)