The Pink Diamonds Company installs fire alarm systems for large manufacturing enterprises and golf courses. Due to the design of their systems, some projects frequently extend over a two-year period. Pink Diamonds uses the percentage-of-completion method for financial accounting purposes and the completed-contract method for tax purposes. As of December 31, 2019, all projects were completed. The following information relates to projects started but not completed as of December 31, 2020:

		Income Recognized in 2020
Customer	Contract Amount	for Accounting Purposes
The Mountain Golf Course	$150,000	$ 0
Forest Hills Golf Course	200,000	80,000
Geneva Farm Golf Course	300,000	220,000

Assuming an income tax rate of 30%, what amount should be included in the deferred tax liability account at December 31, 2020?