Please help, it would be of help if you show your work, THK

On January 1 of Year 1 , Keefe Corporation purchased equipment at a cost of $200,000. The equipment has a five- year life and no salvage value. The depreciation schedule for GAAP and tax purposes follows. The tax rate for Year 1 through Year 3 is 25%, but a new law is passed in Year 1 that will raise the tax rate in Year 4 and thereafter to 30\%. Pretax GAAP income equals $240,000 in Year 1 and Year 2. There are no other differences between pretax GAAP income and tax income. Required a. Record the income tax journal entry on December 31 of Year 1 (assuming the original tax depreciation schedule provided). - Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). b. Record the income tax journal entry on December 31 of Year 2 (assuming the original tax depreciation schedule provided). -Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). On January 1 of Year 1 , Keefe Corporation purchased equipment at a cost of $200,000. The equipment has a five- year life and no salvage value. The depreciation schedule for GAAP and tax purposes follows. The tax rate for Year 1 through Year 3 is 25%, but a new law is passed in Year 1 that will raise the tax rate in Year 4 and thereafter to 30\%. Pretax GAAP income equals $240,000 in Year 1 and Year 2. There are no other differences between pretax GAAP income and tax income. Required a. Record the income tax journal entry on December 31 of Year 1 (assuming the original tax depreciation schedule provided). - Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). b. Record the income tax journal entry on December 31 of Year 2 (assuming the original tax depreciation schedule provided). -Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero)