Please answer all as this one question

Q2. Problem Solving (15 marks) Olong Ltd. started operations in 20X6. The company provided the following information for its warranty balances for the past four years: Warranty costs accrued Costs incurredwarranty work Costs incurred-development costs Amortization-development costs Tax rate 20X6 $34,000 27,000 54,000 0 40% 20X7 $29,000 22,000 59,000 9,000 38% 20X8 $32,000 39,000 69,000 23,500 38% 20X9 $49,000 32,000 34,000 34,000 36% Required: 1. What is the tax basis for development costs and the provision for warranty costs in each year? Please feel free to enter your answer(s) in the template below: 20X6 20X7 20X8 20X9 Development costs: Accounting basis Warranty costs: Accounting basis 2. What is the accounting basis for development costs and the provision for warranty costs in each year? Please feel free to enter your answer(s) in the template below: 20X8 20X9 20X6 20X7 Development costs: Accounting basis Warranty costs: Accounting basis 3. What is the deferred tax balance in each year? Please feel free to enter your answer(s) in the template below: 20X6 20X7 20X8 2079 Development costs: Deferred income tax balance Warranty costs: Deferred income tax balance 4. Is the balance an asset or a liability? Please feel free to enter your answer(s) in the template below: Deferred Income Tax Balance: Development cost Warranty cost