Please help with this exercise related to Accounting for Income Taxes from Chapter 19, Intermediate Accounting course

Given below information from PT. INDONESIA = Year 2010 Taxable income : $500,000 Year 2011 Taxable income : $330,000 Year 2012 Taxable income : $400,000

On January 2, 2010, the company bought machinery for $600,000 with lifetime of 5 years without residual values. Depreciation computation used straight-line method. The depreciation computation = Year 2010 : $198,000 Year 2011 : $270,000 Year 2012 : $90,000 Year 2013 : $42,000 Total : $600,000

On January 2, 2011, cash received was $240,000 as a down-payment to 3-year-period building lease. $240,000 was reported as taxable income in 2011, but $160,000 from $240,000 was reported as unearned revenue on December 31, 2011.

Tax rate used is 45%

a) Calculate deferred tax (asset) or liability for the end of 2010. b) Make a schedule that shows future taxable amounts & deductible amounts for the end of 2011. c) Calculate deffered tax (benefit) for 2011. d) Make journals to record income tax expense, deffered income taxes, andd income tax payable for 2011.