Moraga Transportation owns a feel of 52 semi-trucks. The original cost of the feet At the end of fiscal year 2018, the GAAP book value of the floot was $6 220,000, was 57 280,000 Moraga uses straight line depreciation for the fleet for accounting while the tax book value was $5 620,000. Moraga's taxable income for fiscal your purposes, and MACRS depreciation for tax purposes. The company had a deferred 2018 was $6,700.000 its tax rate was 40% tax lability balance of $170,000 at the end of fiscal year 2017 related to the foot Read the famikemons Requirement 1. Calculate the deferred tax liability related to the feet as of the end of fiscal year 2018 Tho deferred tax liability as of the end of fiscal year 2018 is $ Requirement 2. Record the tax accrual for 2018 as of the end of fiscal year 2018. (Record debits first, then credits Exchito explanations from any journal entries) Journal Entry Accounts Date Debit Credit 2018 Dec 31