Brief Exercise 19-2 Your answer is incorrect. Try again. Sheridan Corporation began operations in 2017 and reported pretax financial income of...

Brief Exercise 19-2

Your answer is incorrect. Try again.  

Sheridan Corporation began operations in 2017 and reported pretax financial income of $214,000 for the year. Sheridan's tax depreciation exceeded its book depreciation by $33,000. Sheridan's tax rate for 2017 and years thereafter is 30%. In its December 31, 2017, balance sheet, what amount of deferred tax liability should be reported?

Deferred tax liability to be reported