Sandhill Corporation purchased a machine on January 2, 2020, for $3600000. 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 and the following MACRS amounts will be deducted for tax purposes: 2020 $720000 2023 $414000 2021 1152000 2024 414000 2022 691200 2025 208800 Assuming an income tax rate of 20% for all years, the net deferred tax liability that should be reflected on Sandhill's balance sheet at December 31, 2021 be $61200 $5760 $0 $86400