Answers are in RED, I don't know the processes though

During 2021, Esther Food Products had the following three items that were different for financial versus taxable income. a. In 2020, Ester purchased a $100,000 machine with a four-year life. Depreciation for financial and tax purposes is shown below: b. On December 31, 2021, Ester accrued $20,000 of warranty expense. For tax purposes warranties are expensed when costs are incurred. Ester expects to incur costs of $12,000 in 2022 and $8,000 in 2023. c. Ester received interest of $5,000 on municipal bonds. On January 1, 2021, Ester had a beginning balance in its Deferred Tax Liability account of $4,000 and no Deferred Tax Assets. 1. Assuming Ester's 2021 pretax financial income was $60,000 prepare a schedule showing the computation of Ester's 2021 taxable income. (6 points) Check Figure =$21,000 2. Prepare Ester's 2021 entry for income tax expense assuming the tax rate for all years is 30% (show computations for maximum partial credit). (9 points) Check figure = Income Tax Expense (debit) $17,000 During 2021, Esther Food Products had the following three items that were different for financial versus taxable income. a. In 2020, Ester purchased a $100,000 machine with a four-year life. Depreciation for financial and tax purposes is shown below: b. On December 31, 2021, Ester accrued $20,000 of warranty expense. For tax purposes warranties are expensed when costs are incurred. Ester expects to incur costs of $12,000 in 2022 and $8,000 in 2023. c. Ester received interest of $5,000 on municipal bonds. On January 1, 2021, Ester had a beginning balance in its Deferred Tax Liability account of $4,000 and no Deferred Tax Assets. 1. Assuming Ester's 2021 pretax financial income was $60,000 prepare a schedule showing the computation of Ester's 2021 taxable income. (6 points) Check Figure =$21,000 2. Prepare Ester's 2021 entry for income tax expense assuming the tax rate for all years is 30% (show computations for maximum partial credit). (9 points) Check figure = Income Tax Expense (debit) $17,000