Zeff Co. prepared the following reconciliation of its pretax financial statement income to taxable income for the year ended December 31, its first year of operations: Pretax financial income Nontaxable interest received on municipal securities Long-term loss accrual in excess of deductible amount Depreciation in excess of financial statement amount Taxable income $160,000 (5,000) 10,000 (25,000) $140,000 Zeff's tax rate for the year is 40%. In its December 31 balance sheet, what should Zeff report as deferred income tax liability? $8,000 $6,000 $2,000 $4,000