Times$-$Roman Publishing Company reports the following amounts in its first three years of operation:

$($$ in thousands$)202420252026$

Pretax accounting income $ $210$ $ $240$ $ $200$

Taxable income $250220240$

The difference between pretax accounting income and taxable income is due to subscription revenue for one$-$year magazine subscriptions being reported for tax purposes in the year received, but reported in the income statement in later years when the performance obligation is satisfied. The income tax rate is $25\%$ each year. Times$-$Roman anticipates profitable operations in the future.

Required:

What is the balance sheet account that gives rise to a temporary difference in this situation?

For each year, indicate the cumulative amount of the temporary difference at year$-$end.

Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability?