$315$income TaxQ$-3917318/$Edmonton Carbon Capture Company $($ECOC$)$ started operations on Jan $1,$ Y$10.$ The company collects carbon di oxide $($CO$2)$ gas from other companies through pipeline and stores the co$2$ in its underground wells to capture the carbon and preventing it to be released into atmosphere. The compary signed a $12$ year contract with Calgary Oil Company $($COC$)$ tocapture $50$ mega tonne of COZ every year starting from Jan $1,$ Y$11.$ As part of the agreement, ECCC's yearly value of this contract will be $$7,500,000$ per year. As per the contract terms, $40\%$ of the total contract value $($Total Contract Value: $590,000,000)$ will be paid by COC to ECCC on Dec $31,$ Y$10$ and rest of the amount will be paid equally on Dec$31$ over $12$ year period. For Tax Purpose, ECCC is required to report the cash amount received from COC as revenue in the year cash is received.Income Tax Rates for Y$1\mathrm{.}1$ to Y$15$ is provided below.Income Tax RateY$11$Y$12$Y$13$Y$14$Y$15$Tax Rate$12\%13\%14\%15\%15\%$ Enacted $($Year$)$Y$10711$Y$13$Y$13$Y$13$Now tell me this:Required $1$: Calculate Deferred Tax Asset or Liability Balances for Y$10-$ Y$15$ for ECCC for the revenue contract with COC.AmountBalance Type $($Dr$/$Cr$)$Y$10$Y$11$Y$12$Y$13$Y$14$Y$15$