In its 2018 income statement, Sandhill Corp. reported depreciation of $4500000 and interest revenue on municipal obligations of $788000. Sandhill reported depreciation of $6540000 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. Sandhill'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?

Choices:

A) $707000

B) $928000

C) $544000

D) $989800