In its 20X1 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 insur- ance on its officer. Tow deducted depreciation of $370,000 in its 20X1 income tax return. The tax rate is 21%. Data related to the reversal of the excess tax deduction for depreciation follow: Reversal of Excess Year Tax Deduction for Depreciation 20X2 $50,000 20X3 40,000 20X4 20,000 20X5 10,000 Tow has no other temporary differences, and it had no deferred tax assets or liabilities at December 31, 20X0. Required: In its December 31, 20X1, balance sheet, what amount should Tow report as a deferred tax liability