Wildhorse Corporation began operations in 2020 and reported pretax financial income of $234,000 for the year. Wildhorse's tax depreciation exceeded its book depreciation by $32,000. Wildhorse'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 $ eTextbook and Media Save for Later Attempts: unlimited Submit Answer