E8-15 (Appendix 8A) Computing and Reporting Deferred Income Tax: Depreciation [0851 Amber Corporation reported the following summarized pretax data at the end of each year: three-year estimated life and no residual value. The company used capital cost allowance on the income tax return as follows: 2022,$37,500;2023,$25,000; and 2024, $12,500. The average income tax rate is 28 percent for each of the three years. Taxable income from the income tax return was as follows: 2022,$32,000;2023, $56,000; and 2024, $85,000. Required: 1. For each year, compute (a) the income taxes payable and (b) the deferred income tax. Is the deferred income tax a liability or an asset? Explain. 2. Show the tax-related amounts that should be reported each year on the statement of earnings and the statement of financial position