In its 20X0 income statement, Tow, Inc. reported proceeds from an officer's life insurance policy of $90,000 and depreciation of $250,000. Tow was the owner and beneficiary of the life insurance on its officer. Tow deducted depreciation of $370,000 in its 20X0 income tax return when the tax rate was 30%. Data related to the reversal of the excess tax deduction for depreciation follow:

Year	Reversal of excess tax deduction	Enacted tax rates
20X1	$50,000	35%
20X2	$40,000	35%
20X3	$20,000	25%
20X4	$10,000	25%

There are no other temporary differences. In its December 31, 20X0, balance sheet, what amount should Tow report as a deferred income tax liability?

$63,000

$36,000

$39,000

$66,000