URGENT Will Like Manufacture started operations in 20X6. The company provided the following information for its warranty balances for the past four years: 20X6 20X7 20X8 20X9 Warranty costs accrued $ 39,000 $ 34,000 $ 34,500 $ 54,000 Costs incurredwarranty work 29,500 24,500 44,000 34,500 Costs incurreddevelopment costs 59,000 64,000 74,000 39,000 Amortizationdevelopment costs 0 14,000 26,000 39,000 Tax rate 40 % 38 % 38 % 36 % Required: 1. What is the tax basis for development costs and the provision for warranty costs in each year? 2. What is the accounting basis for development costs and the provision for warranty costs in each year? 3. What is the deferred tax balance in each year? 4. Is the deferred tax balance an asset or a liability?