First Year of Operations - 2019	Dr.	Cr.
Cash	80,000
Accounts Receivable	110,000
Machine-bought January-1, 2019	100,000
Acc. Deprec.-Straight-Line- 5 years		20,000
Common Stock		180,000
Retained earnings
Home repair revenue		400,000
Depreciation expense	20,000
Salary of owner (Molly)	200,000
Other expenses	90,000
Totals	600,000	$600,000
There is no state income tax. Federal income tax rate: 21%

Molly owns all the stock of Elite Corporation, which she organized on January 2, 2019. Molly is CEO and receives an annual salary of $200,000. Elite will report depreciation expense of $20,000 on the corporate tax return.

Assume Molly elects to deduct the entire cost of the machine on the 2019 tax return.

What is the balance in the deferred tax liability account of Elite (a C corp.) at end of 2020?