Olong Ltd$.$ started operations in $20$X$6.$ The company provided the following information for its warranty balances for the past four years:

$20$X$620$X$720$X$820$X$9$

Warranty costs accrued $ $43,000$ $ $38,000$ $ $36,500$ $ $58,000$

Costs incurred$$warranty work $31,50026,50048,00036,500$

Costs incurred$$development costs $63,00068,00078,00043,000$

Amortization$$development costs $011,00028,00043,000$

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? $($Leave no cells blank $-$ be certain to enter $"0"$ wherever required.$)$

$2.$ What is the accounting basis for development costs and the provision for warranty costs in each year? $($Amounts to be deducted should be indicated with a minus sign.$)$

$3.$ What is the deferred tax balance in each year? $($Amounts to be deducted should be indicated with a minus sign.$)$

$4.$ Is the deferred tax balance an asset or a liability?