in its year 1 income statement, noll corp. reported depreciation of $400,000 and interest revenue on municipal obligations of $60,000. noll reported depreciation of $550,000 on its year 1 income tax return. the difference in depreciation is the only temporary difference, and it will reverse equally over the next three years. noll's enacted income tax rates are 35% for year 1, 30% for year 2 and 25% for year 3 and year 4. assuming noll expects to report taxable income in all future years, what amount should be included in the deferred income tax liability in noll's december 31, year 1 balance sheet?