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In its 2018 income statement, Oriole Corp. reported depreciation of $2800000 and interest revenue on municipal obligations of $601000. Oriole reported depreciation of $4330000 on

In its 2018 income statement, Oriole Corp. reported depreciation of $2800000 and interest revenue on municipal obligations of $601000. Oriole reported depreciation of $4330000 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. Oriole'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?

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