Moss Inc. follows GAAP for financial reporting purposes and appropriately uses the installment method of accounting for income tax purposes. It reported $250,000 of pre-tax income under GAAP, but it will report the corresponding taxable income in the following years. The enacted tax rate is 21%.

                              Taxable Income
20X1 ........................ $ 25,000
20X2 ........................... 50,000
20X3 .......................... 75,000
20X4 ........................ 100,000

The installment income is the firm’s only temporary difference.

Required:

What amount should be included as the deferred tax liability in Moss’s December 31, 20X1, balance sheet?