Would you please help with the question bellow. If you can include aiding explanations for my understanding, I would appreciate that. Thank you

2 TimeseRoman Publishing Company reports the following amounts in its rst three years of operation: ($ in thousands) 2821 2622 2923 Subscription revenue recognized (earned) $ 256 $ 248 $ 236 Subscription payments received in cash 29B 228 268 ts h \"PM _' The difference between pretax accounting income and taxable income is due to subscription revenue for onesyear magazine subscriptions being reported for tax purposes in the year received, but reported in the income statement in later years when the performance obligation is satised. The income tax rate is 25% each year. TimesRoman anticipates protable operations in the future. 3300K Required: 1. What is the balance sheet account that gives rise to a temporary difference in this situation? 2. Determine the amount of deferred subscription revenue at the end of each year. (Enter all amounts as positive values.) 3. Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability? [Enter all amounts as positive values.) leI'EI'ICES What is the balance sheet account that gives rise to a temporary difference in this situation