hi please answer the question

. Fare Corp. is a joint operation in which Mare Inc. has a 20% interest. Mare reports its investment in Fare using proportionately adjusted financial statements. . A contractual agreement gives Seek proportionate rights (20%) to all of Fares' assets and proportionate responsibilities (20%) for all of Fare's liabilities. . Mare uses the equity method to record its investment but has yet to make any journal entries related to its investment in Fare for 2020. . During 2020, Mare sold merchandise totaling $120,000 to Fare and recorded a gross profit of 50% on these sales. . At the end of 2020, Fare's inventory contained $30,000 worth of merchandise purchased from Mare. . Fare also owed $50,000 to Mare at the end of 2020. . Both companies are subject to a 40% tax rate. What is the total amount of deferred taxes that would appear on Mare's Consolidated Balance Sheet as at December 31, 2020? $4,800 $7,200 $8,000