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The pre - tax income statements for ZYX Corporation for two years ( summarized ) were as follows: 2 0 1 3 2 0 1

The pre-tax income statements for ZYX Corporation for two years (summarized) were as follows:
20132014
Revenues $840,000 $900,000
Expenses 640,000685,000
Pre-tax income $200,000 $215,000
For tax purposes, the following income tax differences existed:
1. Revenues on the 2014 statement of profit and loss include $75,000 rent, which is taxable in 2013 but was unearned at the end of 2013 for accounting purposes.
2. Expenses on the 2014 statement of profit and loss include membership fees of $30,000, which are not deductible for income tax purposes.
3. Expenses on the 2013 statement of profit and loss include $23,000 of estimated warranty costs, which are not deductible for income tax purposes until 2014.
4. Expenses on the 2014 statement of profit and loss include $20,000 of estimated warranty costs, which are not deductible for income tax purposes until 2015.
Required:
1. What was the accounting carrying value and tax basis for unearned revenue and the warranty liability at the end of 2013 and 2014?
2. Compute (a) income tax payable, (b) deferred income tax and (c) income tax expense for each period. Assume an average tax rate of 20%.
3. Give the entry to record income taxes for each period.
4. What amount of deferred income tax will be reported on the statement of financial position at 2014 year-end?

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