Calculate the deferred tax liability at December 31, 20X1 based on the following: $65,000 asset acquired January 1, 20X1 The acquired asset has a zero estimated salvage value Useful life of five years for both financial reporting and tax depreciation purposes Depreciation expense for financial reporting is $13,000 per year Depreciation expense for tax is $26,000 the first year, $15,600 the second year and $9,360 the third year Tax rate of 30%