The following information is available for the first four years of operations for the Ryan Corporation: Taxable Income (incorporates all information presented below) Year 2013 2014 2015 2016 Enacted Tax Rate $190,000 134,000 99,000 160,000 0 0 0 0 35% 0 0 * On January 2, 2013, the firm acquired heavy equipment costing S 190,000 in a cash transaction. The equipment had a useful life of five years and no scrap value. The firm used the straight-line method of depreciation for book purposes; see below for the tax depreciation taken each year: 2014 $85,500 Tax Depreciation 2015 $28,500 2016 S13,300 Total $190,000 2013 S62,700 On January 2, 2014, the firm collected $ 135,000 in advance for rental of a building for a three-year period The firm reported the entire $ 135,000 as taxable income in 2014, but $ 90,000 of the advance collection was unearned at December 31, 2014. The $ 90,000 was earned evenly over the next two years (i.e., 2015 and 2016) a. Determine the balance of the deferred tax accounts at the end of 2015 b. Repeat requirement (a) except now assume that a newly enacted tax law increased the corporate tax rate to 39%, effective the beginning of 2014. c. Prepare the journal entries for 2013 and 2014 in requirement (b) d. Prepare the journal entries for 2014 and 2015 in requirement (b) assuming that based on all available evidence it is more likely than not that half of the deferred tax asset will not be realized. Reverse out the allowance for the realized portion of the deferred tax asset in 2015