Question $1(24$ marks$)$ Packers Corporation, a public company, reports the following amounts in its first three years of operations: The difference between taxable income and accounting income is due to one reversing difference. The tax rate $\backslash (30\backslash \%\backslash )$ for all years and the company expects to continue with profitable operations in the future. Instructions a$)$ In proper format, prepare the reconciliations of the accounting income to taxable income for each year. $(6$ marks$)$ b$)$ Prepare the journal entries at the end of all three years to record current and deferred taxes. $(12$ marks$)$ c$)$ Prepare the general ledger of the Deferred tax asset $($liability$)$ account for all three years. Identify the balance at the end of each year as a deferred tax asset or liability. $(6$marks$)$