Wildhorse Technology Inc. began operations in 2017 and reported pretax financial income of $550,000 for the year. Wildhorses tax depreciation exceeded its book depreciation by $48,000. Wildhorses tax rate for 2017 and years thereafter is 35%. In its December 31, 2017, balance sheet, what amount of deferred tax liability should be reported?

Deferred tax Liability

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