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Don't copy answers form other chegg post. The Sample Corporation prepared the following income statements and income tax returns for Year 1 through Year 4.

Don't copy answers form other chegg post.

The Sample Corporation prepared the following income statements and income tax returns for Year 1 through Year 4.

Income Statement Year 1 Year 2 Year 3 Year 4
Sales $1,000 $1,000 $1,000 $1,000
Operating expenses 650 650 650 650
Pretax net income $350 $350 $350 $350
Provisions for income taxes 160 160 120 120
Net income $190 $190 $230 $230

Income Tax Return Year 1 Year 2 Year 3 Year 4
Sales $1,000 $1,000 $1,000 $1,000
Operating expenses 900 900 400 400
Taxable income $100 $100 $600 $600
Income tax payable 40 40 240 240
After-tax net income $60 $60 $360 $360

Calculate the balance in the company's deferred income tax liability account at the end of each year.

Year 1
Year 2
Year 3
Year 4

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