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Palmer Starshine Group provided the following income information from its first 3 years of operation. EEB (Click the icon to view the income information for the first 3 years of operation.) Palmer offers a 1-year warranty on its commercial floor polishing system. The company estimates its warranty cost at 10% of sales. Read the requirements. Requirement a. Compute the deferred tax expense and the balance of the deferred tax account for each year. (Enter a "0" asset.) Requirements Future Deductible (Taxable) Amount Deferred Tax Asset (Liability) Increase (Decrease) In Deferred Tax Asset Book Basis Tax Basis Tax Rate a. Compute the deferred tax expense and the balance of the deferred tax account for each year Year 1 Year 2 Year 3 b. Prepare all journal entries required to record Palmers income tax provision for all 3 years. Print Done Data Table Year 1 Year 2 Year 3 Account Sales Operating expenses Estimated warranty cost Actual warranty repairs Income before tax Taxable income Tax rate lax payable GAAP Tax GAAP Tax GAAP Tax $1,0501,0501,400 $1,400$1,050 $ 1,050 (700) (640) (105) (520) (140) (640) (520) (700) (105) (160) (190) $30!5 $740 $245 410 x 40% 164 720 160 288 64