$1.$ Prepare the correcting$/$adjusting entries:$$ Chapter $13($Warranties and Contingent Liability$)$ Chapter $20($Leases$)$ Chapter $18($Current Tax$)2.$ Post the entries from $(1)$ to the formatted excel spreadsheeton your Moodle site.$3.$ After you are done step $2,$ find the income before income tax expense on the excel spreadsheet LINE $22.4.$ To compute the correct income tax expense, use the income before tax expense amount from Step $3$ to start thereconciliation between accounting income and taxable income. $($Chapter $18).$ From the reconciliation, compute thecurrent income tax expense and prepare the journal entry.$5.$ Post the entry$($ies$)$ from Step $4$ to the excel spreadsheet so that the financial statements can be completed.$6.$ Find the net income on the excel spreadsheet LINE $24.$ Use this amount to start the calculation of the required EPS amounts $($Chapter $17).$ Once computed, show the Basic and Fully Diluted EPS amounts on the to the income statement.$7.$ Write a concise $2$ or $3-$page memo to the president as requested by him.