In its first year of operations, HD Corporation reported pretax accounting income of $820 million for the current year. Depreciation reported in the tax return in excess of depreciation in the income statement was $1,020 million. The excess tax will reverse itself evenly over the next three years. The current year's tax rate of 25% wil be changed under the current law to 30% next year and 35% for all subsequent years. At the end of the current year, the deferred tax liablility related to the excess depreciation for HD Corp. will be: Multele Choice $340 milion 5306 million. $409 milon. 5357 minon