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Deferred Tax Calculations (Appendix) Wyhowski Inc, reported income from operations, before taxes, for 2015-2017 as follows: When calculating income, Wyhowski deducted depreciation on plant equipment.

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Deferred Tax Calculations (Appendix) Wyhowski Inc, reported income from operations, before taxes, for 2015-2017 as follows: When calculating income, Wyhowski deducted depreciation on plant equipment. The equipment was purchased January 1 , 2015 , at a cost of $92,000. The equipment is expected to last three years and have a(n) $8,000 salvage value. Wyhowskd uses straight-line depreciation for book purposes. For tax purposes, depreciation on the equipment is $53,000 in 2015,$21,000 in 2016 , and $10,000 in 2017. Wyhowsid's tax rate is 35%2. Required: Enter all amounts as positive numbers. 1. How much did Wyhowsiki pay in income tax each year? If required, round all calculations to the nearest dollar. 2. How much income tax expense did Wyhowski record each year? Requlredt Enter all arnounts as poslthe numbers. 1. How much did Wyhownli pay in income tax each year? If required, round all calculations to the nearest dollar, 2. How much income tax expense did Wyhowski record each year? 3. What is the balance in the Deferred Income Tax account at the end of 2015, 2016, and 2017? If your answer is zero, enter "0*, If required, round all calculations to the nearest dollar

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