Explain Zephyr Inc. End of Their First Year of Operations

Problem- At the end of their first year of operations on December 31, 2010 Zephyr, Inc had total GAAP financial net income before taxes of $190,000. Zephyr, Inc.'s tax rate is 35%. They had the following book-tax differences in 2010:

-$30,000 Tax depreciation in excess of book depreciation

-$1,500 Municipal bond interest income

-$10,000 Change in allowance for bad debt - no actual bad debt expense during the year

-$3,500 Nondeductible club dues

-$1,800 Nondeductible meals and entertainment

-On December 31, 2011 Zephyr, Inc. had only one book-tax difference:

-$8,000 Book depreciation in excess of tax depreciation

Part 1- Identify which of the 2010 and 2011 book-tax differences are temporary, and which are permanent

Part 2- Calculate Zephyr, Inc.'s 2010 current tax expense, deferred tax expense, and total tax expense

Part 3- Calculate the balance of Zephyr Inc's Deferred Tax Asset account, and Deferred Tax Liability account as of December 31, 2010.

Part 4- Calculate the balance of Zephyr, Inc.s Deferred Tax Asset account, and Deferred Tax Liability account as of December 31, 2011.

I need help to illustrates how to compute a corporation's deferred tax asset, deferred tax liability, current tax expense, deferred tax expense, and total tax expense.