View Policies Current Attempt in Progress Metlock Corporation began operations in 2020 and reported pretax financial income of $218,000 for the year. Metlock's tax depreciation exceeded its book depreciation by $40,000. Metlock's tax rate for 2020 and years thereafter is 30%. In its December 31, 2020, balance sheet, what amount of deferred tax liability should be reported? Deferred tax liability to be reported $