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Greene Co. has pretax book income for the year ended December 31, 2022 in the amount of $265,000 and has a tax rate of 30%.

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Greene Co. has pretax book income for the year ended December 31, 2022 in the amount of $265,000 and has a tax rate of 30%. Depreciation for tax purposes exceeded book depreciation by $15,500. What should Greene Co. record as its deferred tax liability for 2022? A. $0 B. $74,850 C. $79,500 D. $4,650

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