In its first year of operations,Trinity Corporation has the following reconciliation of pretax accounting income to taxable income:

Pretax accounting income $300,000

Permanent difference (15,000)

285,000

Temporary difference-depreciation(20,000)

Taxable income $265,000

Trinity's tax rate is 40%.Assume that no estimated taxes have been paid.

What should Trinity report as its deferred income tax liability as of the end of its first year of operations?