On April 1, 2021, Soldier Corporation prepaid a P38,000 premium on an annual insurance policy. The premium payment was a tax deductible expense in Soldier's cash basis tax return. The accrual basis income statement will report a P28,500 insurance expense in 2021 and P9,500 insurance expense in 2022. Income tax rate is 30% in 2021 and in subsequent years. In Soldier's December 31, 2021 statement of financial position, what amount related to the insurance should be reported as a deferred tax liability?