Lehman Corporation purchased a machine on January 2, 2020, for $4,000,000. The machine has an estimated 5-year life with no salvage value. The straight-line method of depreciation is being used for financial statement purposes and the following MACRS amounts will be deducted for tax purposes:

2020 $800,000 2023 $460,000

2021 1,280,000 2024 460,000

2022 768,000 2025 232,000

Assuming an income tax rate of 20% for all years, the net deferred tax liability that should be reflected on Lehman's balance sheet at December 31, 2022 be

		$96,000
		$89,600
		$6,400
		$0

Please explain in detail! Thank you