Lehman Corporation purchased a machine on January 2, 2017, for $4,000,000. The machine has an estimated 5-year life with no salvage value. The straight-line method of depreciation is being used for financial statement purposes. Therefore, for financial reporting purposes, Lehman will recognize depreciation expense of 800,000 each year.

The following MACRS amounts will be deducted for tax purposes:

2017 $800,000 2020 $460,000

2018 1,280,000 2021 460,000

2019 768,000 2022 232,000

Assuming an income tax rate of 30% for all years, the net deferred tax liability that should be reflected on Lehman's balance sheet at December 31, 2018 be