Can you solve this problem and explain how you did it? formula wise.

Recording Multiple Temporary Differences, Multiple Tax Rates Aim Inc. reported the following for Year 1 through Year 3. . Prepaid maintenance contract: $30,000 on January 1 of Year 1, for a three-year period beginning January 1 of Year 1. Deferred revenue: $45,000 on January 1 of Year 1, for a three-year period beginning January 1 of Year 1. . Pretax GAAP income is $500,000, $386,000, and $425,000 for Year 1, Year 2, and Year 3, respectively. . Enacted tax rates are 259% for Year 1 and Year 2, and 309% for Year 3. . There were no balances in the deferred tax accounts on January 1 of Year 1. Required a. Compute the increase to income tax payable on December 31 of Year 1, Year 2, and Year 3. Dec. 31, Year 1 Dec. 31, Year 2 Dec. 31, Year 3 Income tax payable increase | $ b. Prepare schedules to compute the deferred tax balances on December 31. . Note: Do not use negative signs with your answers. Prepaid Expense Year 2 Year 3 Total Reversal of difference between GAAP and tax bases $ 0 $ Tax rate 25 % 30 % Deferred tax liability, ending balance 0 $ Deferred Revenue Year 2 Year 3 Total Reversal of difference between GAAP and tax bases $ 0 $ 1 $ Tax rate 25 6 30 6 Deferred tax asset, ending balance c. Prepare the journal entry to record income taxes in Year 1, Year 2, and Year 3. . Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). Date Account Name Or. Cr. Dec. 31, Year 1 Deferred Tax Asset Income Tax Expense