financial statement effects $[$LO$16-2]$

Ayres Services acquired an asset for $$144$ million in $2024.$ The asset is depreciated for financial reporting purposes over four years on a straight$-$line basis $($no residual value$).$ For tax purposes the asset$$s cost is depreciated by MACRS. The enacted tax rate is $25\%.$ Amounts for pretax accounting income, depreciation, and taxable income in $2024,2025,2026,$ and $2027$ are as follows:

$($$ in millions$)2024202520262027$Pretax accounting income$ $370$$ $390$$ $405$$ $440$Depreciation on the income statement$36363636$Depreciation on the tax return$(57)(49)(23)(15)$Taxable income$ $349$$ $377$$ $418$$ $461$

Required:

For December $31$ of each year, determine $($a$)$ the cumulative temporary book$-$tax difference for the depreciable asset and $($b$)$ the balance to be reported in the deferred tax liability account.

Note: Leave no cell blank, enter $"0"$ wherever applicable. Enter your answers in millions rounded to $2$ decimal places $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}50).$