Exercise 16-4 (Algo) Taxable income given; calculate deferred tax liability from book-tax difference; inancial statement effects [LO16-2] Ayres Services acquired an asset for $208 million in 2024 . The asset is depreciated for financial reporting purposes over four years o straight-line basis (no residual value). For tax purposes the asset's cost is depreciated by MACRS. The enacted tax rate is 25%. Amounts for pretax accounting income, depreciation, and taxable income in 2024, 2025, 2026, and 2027 are as follows: For December 31 of each year, determine (a) the cumulative temporary book-tax difference for the depreciable asset and (b) the alance to be reported in the deferred tax liability account. Note: Leave no cell blank, enter " 0 " wherever applicable. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50 )