#1: The condensed operating results for BC Co., a publically accountable enterprise, and other data, for two years are summarized: 2014 2015 Revenues $200,000 $180,0001 Expenses2 181,0003 152,000 Tax rates enacted each year 40% 35% 1Includes rent revenue for $10,000 which was received and taxed in 2014 2Include $10,000 golf club dues each year 3Includes $8,000 in estimated warranty expenses, not expected to be paid until 2016. The estimated warranty liability is still outstanding at the end of 2015. Requirement 1: Calculate the estimated taxes payable each year. Related entries are part of another