On January 1, 2013, Berkshire Hathaway purchased a piece of equipment for $90,000. The following table reflects how Berkshire is depreciating the equipment for financial reporting purposes and for tax purposes: TAX Depreciation Accumulated Fiscal Year Ending Book Value Expense Depreciation 2013 2014 2015 30,000 40,005 19,995 30,000 70,005 90,000 90,000 60,000 19,995 0 FINANCIAL REPORTING Book Value Fiscal Year Depreciation Expense Accumulated Depreciation Ending 2013 2014 2015 30,000 30,000 30,000 30,000 60,000 90,000 90,000 60,000 30,000 0 Below is information from Berkshire's tax filing TAX Taxable Income Fiscal Year Tax Expense (35%) Ending 2013 2014 2015 Revenue 200,000 200,000 200,000 170,000 159,995 180,005 59,500 55,998 63,002 Use the information above to fill in the deferred tax liability column below: (Decrease in account balance should be indicated by a minus sign. Leave no cell blank. Enter "O" when the answer is zero.) FINANCIAL REPORTING Fiscal Year Revenue Taxable Tax Expense Liability Income Deferred Tax Ending 2013 2014 2015 200,000 200,000 200,000 170,000 170,000 170,000 59,500 59,500 59,500 Prepare the journal entries to record income tax expense for financial reporting purposes at the end of each fiscal year (2013-2015). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)