A16-3 Income Tax Allocation: The financial statements of Dakar Corp. for a four-year period reflected the following pre-tax amounts: Page 1155 20X4 20X5 20X6 20X7 Statement Profit and Loss (summarised) Revenues Expenses other than depreciation Depreciation expense (straight line) Pre-tax accounting income Statement of Financial Position (partial) Machine (four-year life, no residual value) at cost Less Accumulated depreciation $ 110,000 (80,000) (10,000) $ 20,000 $ 124,000 (92,000) (10,000) $ 22.000 $ 144,000 (95,000) (10,000) $39.000 $ 164.000 (128,000) (10,000) $ 26,000 $ 40,000 (10,000) $ 30,000 $ 40,000 (20,000) $ 20,000 $ 40,000 (30,000) S 10.000 $ 40.000 (40,000) Dakar has a tax rate of 40% each year and claimed CCA for income tax purposes as follows: 20X4. $16,000: 20X5, $12,000; 20X6. $8,000, and 20x7. $4,000. There were no deferred income tax balances at 1 January 20X4. Required: For each year, calculate the deferred income tax balance on the statement of financial position at the end of the year, and also net income