Pharoah, Inc. uses the accrual method of accounting for financial reporting purposes and appropriately uses the installment method of accounting for income tax purposes. Installment income of $2600000 will be collected in the following years when the enacted tax rates are: Collection of Income Enacted Tax Rates 2020 $220000 25% 2021 520000 20% 2022 828000 20% 2023 1032000 15% The installment income is Pharoah's only temporary difference. What amount should be included in the deferred income tax liability in Pharoah's December 31, 2020 balance sheet? $650000 $424400 O $595000 O $517400