2019. Indigo has a 38% tax 2019. Indigo has a 38% tax rate which was enacted during the 2019 year. At the end of 2018 , selected amounts from the general ledger reported: - Carrying amount of depreciable assets of $795,000 and the UCC balance was $480,000 - Long term note receivable of $120,000 (taxed when cash is collected), - Estimated warranty liability on the balance sheet of $49,000, - Unearned rent revenue for two years received of $60,000 for subletting extra office space. This amount was taxed upon receipt. Indigo had an eligible non-capital loss carry-forward of $80,000 at the end of 2018 which has been recorded as a deferred tax balance as at December 31, 2018. The tax rate in effect in 2018 was 35%. For 2019: - Dividends received from taxable Canadian corporations amounted to $16,000 - Meals and entertainment expenses totaled $60,000 - CCA allowance claimed was $50,000 and related depreciation expense was $63,000. There were no asset additions this year. - Long term note receivables of $42,000 were collected; there were no new long term note receivables generated in that year with the remainder expected to be collected in 2020 - Warranty expenses of $71,400 equaled the amount of warranty claims paid - 1/2 of the 2 year unearned rent revenue at the beginning of the year was recognized. - Indigo applies all loss carry-forward available to reduce current year's taxable income Required \#2- Based on the information from the previous question, Prepare (in good form) the entries relating to deferred taxes for December 31, 2019 (6 marks). I suggest using the following table approach: (Use this as a template approach for your response)