Calculating Deferred Income Taxes The Sample Corporation prepared the following income statements and income tax returns for Year 1 through Year 4. Income Statement Sales Year 1 Year 2 Year 3 Year 4 $1,000 $1,000 $1,000 $1,000 Operating expenses 650 650 650 650 Pretax net income $350 Provisions for income taxes 195 195 $350 $350 $350 195 195 Net income $155 $155 $155 $155 Income Tax Return Year 1 Year 2 Year 3 Year 4 Sales $1,000 $1,000 $1,000 $1,000 Operating expenses Taxable income Income tax payable After-tax net income 80 $20 900 900 $100 $100 $600 $600 80 310 310 $20 $290 $290 400 400 Calculate the balance in the company's deferred income tax liability account at the end of each year. Year 1 $ 0 x Year 2 $ 0 x Year 3 $ 0x Year 4 $ 0