Mathus, Inc. reported income before tax of $180,000, and taxable income was $200,000. This $20,000 difference resulted from unearned revenues that the firm recorded as revenue for tax purposes but as a liability for book purposes. Mathus is subject to a 35% tax rate. Required What is the book basis of the unearned revenue?

What is the tax basis of the unearned revenue?

What are Mathuss deferred tax asset, income tax payable, and income tax expense for the current year?

Prepare the journal entry to record the tax provision for the current year.