answer with explanation please

Question 1 North Dakota Corporation began operations in January 2015 and purchased a machine for $20,000. North Dakota uses straight-line depreciation over a four-year period for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2015, 30% in 2016, and 20% in 2017, Pretax accounting income for 2015 was $150,000, which includes interest revenue of $20,000 from municipal bonds (which is not taxable). The enacted tax rate is 30% for all years. There are no other differences between accounting and taxable income. 1. Prepare the appropriate journal entry to record North Dakota's 2015 income taxes. (10 points) What is North Dakota's 2015 net income? (5 points) 2