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Required a. Prepare a schedule to compute the deferred tax balance on December 31 of Year 3. - Note: Do not use negative signs with

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Required a. Prepare a schedule to compute the deferred tax balance on December 31 of Year 3. - Note: Do not use negative signs with your answers. b. Calculate the tax basis of the plant asset on December 31 of Year 3 and its reported amount in the financial statements. Tax basis of plant asset, Dec. 31, Year 3:$ GAAP basis of plant asset, Dec. 31 , Year 3:$ c. Prepare the journal entry to record income tax expense in Year 3. - Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account name as a debit and leave the answer blank (zero)

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