Question: Oriole Inc's only temporary difference at the beginning and end of 2 0 2 4 is caused by a $ 3 . 1 5 million

Oriole Inc's only temporary difference at the beginning and end of 2024 is caused by a $3.15 million deferred gain for tax purposes for
an installment sale of a plant asset, and the related receivable (only one-half of which is classified as a current asset) is due in equal
installments in 2025 and 2026. The related deferred tax liability at the beginning of the year is $945,000. In the third quarter of 2024,
a new tax rate of 20% is enacted into law and is scheduled to become effective for 2026. Taxable income for 2024 is $5,250,000, and
taxable income is expected in all future years.
(a)
Determine the amount reported as a deferred tax liability at the end of 2024.
Deferred tax liability $
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 Oriole Inc's only temporary difference at the beginning and end of

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