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prepare a table calculating the balance in deferred taxes for each of the four years...

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Accounting

prepare a table calculating the balance in deferred taxes for each of the four years
(be sure to calculate the difference between taxes on the income statement and tax return each year)
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13 Calculating Deferred Income Taxes. The Harmon Corporation prepared the following income statements and income tax returns for Year 1 through Year 4. Calculate the balance in the company's deferred income tax liability account at the end of each year. Explain what a growing balance in the deferred income tax liability is likely to indicate about a company's net income relative to its taxable income. Why might investment professionals view this situation positively? Negatively

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