Smiley Corporation Purchased a Machine on January 2, 2007, for $2,000,000

Smiley Corporation purchased a machine on January 2, 2007, for $2,000,000. The machine has an estimated 5-year life with no salvage value. The straight-line method of depreciation is being used for financial statement purposes and the following MACRS amounts will be deducted for tax purposes:
Assuming an income tax rate of 30% for all years, the net deferred tax liability that should be reflected on Smiley's balance sheet at December 31, 2008, should be

$\text{ Deferred Tax Liability }$
$\begin{array}{cc} & \text{Current} & \text{Noncurrent} \\\end{array}$

A) $\begin{array}{cc} & \$ 0 &&& \$ 72,000 \\\end{array}$
B) $\begin{array}{cc} & \$ 4,800 & \$ 67,200 \\\end{array}$
C) $\begin{array}{cc} & \$ 67,200 & \$ 4,800 \\\end{array}$
D) $\begin{array}{cc} & \$ 72,000 & \$ 0 \end{array}$