The Income tax disclosure note accompanying the January 31, 2017, financial statements of Walmart is reproduced below: Current: U.S. federal U.S. state and local International Total current tax provision Deferred: U.S. federal U.S. state and local International Total deferred tax expense (benefit) Total provision for income taxes 2017 2016 2015 $3,454 $5,562 $6,165 495 622 810 1,510 1,400 1,529 5,459 7,584 8,504 1,054 (704) (387) 51 (106) (55) (360) (216) (77) 745 (1,026) (519) $6,204 $6,558 $7,985 Complete this question by entering your answers in the tabs below. 2017 2016 Deferred tax assets: Loss and tax credit carryforwards Accrued liabilities Share-based compensation $3,633 3,437 309 $3,313 3,763 192 Other 1,474 1,390 Total deferred tax assets 8,853 8,658 Valuation allowances (1,494) (1,456) Deferred tax assets, net of valuation allowance $7,359 $7,202 Deferred tax liabilities: Property and equipment $6,435 $5,813 Inventories Other Total deferred tax liabilities 1,808 1,790 1,884 1,452 10,127 9,055 Net deferred tax liabilities $2,768 $1,853 Required: 1. Focusing on only the first part of Note 9, relating current, deferred, and total provision for Income taxes, prepare a summary Journal entry that records Walmart's 2017 tax expense associated with Income from continuing operations. 2-a. Calculate the actual change in Walmart's net deferred tax liability for fiscal 2017. 2-b. Does that change reconcile with the change Indicated in your summary Journal entry? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Calculate the actual change in Walmart's net deferred tax liability for fiscal 2017. Net deferred tax liability Req 1 Req 2A Req 28 Focusing on only the first part of Note 9, relating current, deferred, and total provision for income taxes, prepare a summary journal entry that records Walmart's 2017 tax expense associated with income from continuing operations. Please make a single entry to "Deferred tax liability (net)" for the total effect on deferred tax assets, deferred tax liabilities and the valuation allowance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No A Transaction General Journal 1 Income tax expense Net deferred taxes Income taxes payable < Req 1 Req 2A > Debit Credit 6,204 745 5,459 Show less