Bear & Company reports the following information on its income statements and tax returns:

The difference between net income and taxable income is entirely due to different depreciation methods used for financial reporting and tax reporting. Brea & Company is subject to a 30 percent tax rate.
Required
Compute Brea & Company’s deferred income tax expense (benefit) each year. How much is reported each year as a deferred tax liability on the balance sheet?

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Year 2012 2013 2014 2015 2016. Net Income $ 41,000 42,000 Taxable Income $ 36,000 38,000 47,000 48,000 51,000 56,000 60,000 63,000 $241,000 $241,000