Exercise 16-4 (Algo) Taxable income given; calculate deferred tax liability from book-tax difference [LO16-2] Ayres Services acquired an asset for $192 milition in 2021 . The asset is depreciated for financlal reporting purposes over four years on a straight-flne 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 2021, 2022, 2023, and 2024 are as follows: Required: For December 31 of each year, determine (a) the cumulative temporary book-tax difference for the depreclable asset and (b) the balance to be reported in the deferred tax liablity account. (Leave no cell blank, enter "o" wherever opplicable. Enter your answers in millions rounded to 2 decimal place (1,e., 5,500,000 should be entered as 5,50).)