In its first year of operations in 2021, Loews reported $1,010 million in pretax income. Depreciation for tax reporting purposes exceeded depreciation for financial reporting purposes by $170 million. The company also had non-tax-deductible expenses of $108 million due to a government fine. The income tax rate for 2021 was 25%, but the enacted rate for years after 2021 is 30%. The balance in the deferred tax liability in the December 31, 2021, balance sheet is: Multiple Choice $46 million. $30 million. $51 million. $89 million