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At the beginning of 2010; Tigrob, Inc. had a deferred tax asset of $4,000 and a deferred tax liability of $6,000. Pre-tax accounting income for 2010 was $300,000 and the enacted tax rate is 40%. The following items are included in Tigrob's pre-tax income: Interest income from municipal bonds $24,000 Accrued warranty costs, estimated to be paid in 2011 $52,000 Operating loss carryforward $38,000 Installment sales revenue, will be collected in 2011 $26,000 Prepaid rent expense, will be used in 2011 $12,000 Determine the ending balance in Tigrob, Inc's deferred tax liability at December 31, 2010. Show all computations
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