Question $5$ of $9$

$\frac{0\mathrm{.}8}{12}$

Pharoah Corporation purchased equipment very late in $2023.$ Based on generous capital cost allowance rates provided in the Income Tax Act, Pharoah claimed CCA on its $2023$ tax return but did not record any depreciation because the equipment was being tested. This temporary difference will reverse and cause taxable amounts of $$32,900$ in $2024,$ $$31,800$ in $2025,$ and $$49,800$ in $2026.$ Pharoah's accounting income for $2023$ is $$241,000$ and $$217,000$ in each of $2024$ and $2025,$ and the tax rate for $2023,2024$ and $2025$ is $30\%.$ There are no deferred tax accounts at the beginning of $2023.$ Pharoah Corporation was informed on December $31,2024$ that the enacted rate for $2025$ and subsequent yeats is $25\%.$

$($a$)$

Your answer is partially correct.

Calculate the deferred tax balances at December $31,2024$ and $2025.$