Indicate how the deferred taxes computed above are to be reported on the balance sheet. Blossom Co. Balance Sheet SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Assuming that the only deferred tax account at the beginning of 2017 was a deferred tax liability of $12,200,000, draft the income tax expense portion of the income statement for 2017, beginning with the line "Income before income taxes." (Hint: You must first compute (1) the amount of temporary difference underlying the beginning $12,200,000 deferred tax liability, then (2) the amount of temporary differences originating or reversing during the year, and then (3) the amount of pretax financial income.) Blossom Co. Income Statement (Partial) Click if you would like to Show Work for this question: Open Show Work Indicate how the deferred taxes computed above are to be reported on the balance sheet. Blossom Co. Balance Sheet SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Assuming that the only deferred tax account at the beginning of 2017 was a deferred tax liability of $12,200,000, draft the income tax expense portion of the income statement for 2017, beginning with the line "Income before income taxes." (Hint: You must first compute (1) the amount of temporary difference underlying the beginning $12,200,000 deferred tax liability, then (2) the amount of temporary differences originating or reversing during the year, and then (3) the amount of pretax financial income.) Blossom Co. Income Statement (Partial) Click if you would like to Show Work for this question: Open Show Work