Step $3$

Now, construct a journal entry to record the results from Part $2.$ Use the two tables below to construct the amounts you'll need for the DTA and DTL lines in the journal entry. Then complete the journal entry at the bottom of the page.

$\backslash$table$[[$Deferred Tax Asset$],[$UNICAP Adjustment$],[$Disallowed Allowance for Vacation$],[$Disallowed Allowance for Bad Debt$],[$Total Adjustments$],[$Times Combined Fed$/$State Rate$],[=$ Change in the account$],[$Deferred Tax Liability$],[$NOL Carryover Used this Year$],[$Cost Recovery Differences$],[$Total Adjustments$],[$Times Combined Fed$/$State Rate$],[=$ Change in the account'$]]$

Income Tax Expense $???$

Deferred Tax Asset $???$

Income Tax Payable $???$

Deferred Tax Liability $???$