In 2018, Kirk reported Income before Depreciation and Income Tax of $1,640,000. Kirk also had Depreciation Expense of $480,000 on its GAAP based income statement and $360,000 for income tax purposes. Kirks income tax rate is 30%. Which of the following would not be correct based upon 2018s recording of Kirks income tax payment?

Decrease in Cash $348,000 (Income tax payment)

Increase in Deferred Tax Liability $36,000

Increase in Income Tax Expense $384,000

Decrease in Deferred Tax Liability of $36,000