Frizell Co. at the end of 2019 , its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: The estimated litigation expense of $2,000,000 will be deductible in 2020 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $800,000 in each of the next three years. The income tax rate is 30% for all years. The deferred tax liability. to be recognized is