Teal Company had a net deferred tax liability of $386,200. An explanation of the items that compose this balance is as follows. Resulting Balances In Deferred Taxes $208.600 1. 2 Temporary Differences Excess of tax depreciation over book depreciation Accrual, for book purposes of estimated loss contingency from pending lawsult that is expected to be settled in 2020. The loss will be deducted on the tax return when pald. Accrual method used for book purposes and installment method used for tax purposes for an Isolated installment sale of an investment. (46,900) 3. 224,500 $386,200 In analyzing the temporary differences, you find that $30,700 of the depreciation temporary difference will reverse in 2020, and $115,300 of the temporary difference due to the installment sale will reverse in 2020. The tax rate for all years is 20% Indicate the manner in which deferred taxes should be presented on Teal Company's December 31, 2019, balance sheet. Teal Company Balance Sheet (Partial) December 31, 2019 $