3. Dell Technologies Inc. the following information for December 2019-2021 2019 2020 2021 Pretax Accounting Income (2,361) (4) 3,670 Tax Rate for 2019-2021 35%

a. Dell paid in advance for Insurance for 3 years beginning 2019, $15,000. b. Unrealised Gain was recorded in 2020 for an investment but it was not sold until 2021, $6,000 c. Dell recorded bad debt expense of $4,000 in 2021 which the government did not recognize. d. Interest received in 2020 for $4,500 was from a government bond investment.

Requirements: 1. Identify the permanent vs the temporary differences. (2 points) 2. Prepare a schedule showing the calculation of the taxable income for both 2019 - 2021. (6 points) 3. Prepare journal entries for each year (2019 2021) (6 points) 4. Show how any 2021 tax related amounts should be classified and reported in the 2021 balance sheet.