On January $1,2019,$ Bedrock Company began recognizing revenues from all sales under the accrual method for financial reporting purposes and under the installment sales method for income tax purposes. Bedrock reported the following gross margin on sales for $2019$ and $2020$:

Accrual Installment

Year Method Sales Method

$2019$ $$1,200,000$ $$1,000,000$

$20201,800,0001,400,000$

The enacted tax rate for both $2019$ and $2020$ was $30\%.$ Assuming there are no other temporary differences, $2020$ what is the amount of deferred tax liability that Bedrock should report on its December $31,2020$ balance sheet?