Recording and Reporting Multiple Temporary Differences

Cross Corporation provided the following reconciliation between taxable income and pretax GAAP income.

a$.$ Record the income tax journal entry on December $31$ of Year $1.$

b$.$ Record the income tax journal entry on December $31$ of Year $2.$

c$.$ Record the income tax journal entry on December $31$ of Year $3.$

d$.$ Record the income tax journal entry on December $31$ of Year $4.$

e$.$ Prepare the income tax section of the income statement for Year $1$ and provide the disclosure of current and deferred tax expense.

f$.$ Indicate the deferred income tax that would be recognized on the balance sheet at December $31$ of Year $1.$

Journal entriy accounts include income tax expense, income tax payable, deferred tax liability, deferred tax asset