Labrador Corp began operations in 2021 and reported $435,000 in income before income taxes for the year. Labrador's 2021 tax depreciation exceeded its book depreciation by $35,000. Labrador also had nondeductible book expenses of $15,000 related to permanent differences. Labrador's tax rate for 2021 was 30 percent, and the enacted rate for years after 2021 is 35 percent. In its December 31, 2021 balance sheet, what amount of deferred income tax liability should Labrador report? Multiple Choice $10,000 $12,250 $14,000 $8,750