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In its 2018 income statement, Cullumber Corp. reported depreciation of $3800000 and interest revenue on municipal obligations of $711000. Cullumber reported depreciation of $5630000 on

In its 2018 income statement, Cullumber Corp. reported depreciation of $3800000 and interest revenue on municipal obligations of $711000. Cullumber reported depreciation of $5630000 on its 2018 income tax return. The difference in depreciation is the only temporary difference, and it will reverse equally over the next 3 years. Cullumber's enacted income tax rates are 35% for 2018, 30% for 2019, and 25% for 2020 and 2021. What amount should be included in the deferred income tax liability in Hertz's December 31, 2018 balance sheet? $772250 $889350 $488000 $635250

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