High Class Clothing, Inc. acquired a new fabric-cutting machine at the beginning of the current year. The machine cost $900,000 with no residual value expected. High Class uses the straight-line method for financial reporting assuming a 6-year useful life. (Click the icon to view the data.) The company is subject to a 35% income tax rate and has no other book-tax differences. We present High Class's income before tax and depreciation: (Click the icon to view the data.) Read the requirements. Requirements a. Prepare all journal entries required to record High Class's income tax Requirement a. Prepare all journal entries required to record High Class's income tax provision for Years 3 and 4. provision for Years 3 and 4 . Begin by completing the table below to compute book and tax depreciation through Year 4. b. What is the balance of the deferred tax account at the end of Year 3 ? c. What is reported net income for Years 3 and 4 ? Now select the labels and enter the amounts to compute High Class's income tax payable for Years 3 and 4. (Use parentheses or a minus sign for r Data table