At the end of $2019,$ CeeNet, Inc., which uses the ASPE deferred tax method, had the following balances reported in its financial books:

Temporary differences

$[$Capital cost allowance in excess of book depreciation$]$

$$1,600,000$

Corresponding deferred tax liability

$$448,000$

Differences related to pension plan expense vs cash contributions

$$\mathrm{.}300,000$

$[$Pension expenses being greater than pension contributions$]$

Corresponding deferred tax assets

$$84,000$

For the year ended December $31,2020,$ the company reported $$694,000$ of accounting income before tax. It also gave the following additional information related to $2020$ :

a$]$ Depreciation claimed on the income statement was $$320,000$ and CCA allowed was $$230,000.$

b$]$ Non$-$taxable dividends received from Canadian companies amounted to $$18,000$ in $2019$ and $$26,000$ in $2020.$

c$]$ The company recorded pension expense of $$67,000$ while it made cash contributions of $$87,000$ to the pension plan during $2020.$

d$]$ Business related entertainment costs for the year amounted to $$36,000.$ Only $25\%$ were permitted as deductible for tax purposes.

e$]$ During the year, the company recorded allowances for warranty costs amounting to $$42,000,$ related to extended warranties issued. These costs would not be incurred till $2022.$

f$]$ In $2020,$ the company accrued and recorded $$160,000$ for development costs. Only $85\%$ of these costs are tax deductible.

g$]$ The tax rate changed to $20\%$ for the years $2020$ and onwards.

Required:

Prepare a statement showing the reconciliation between accounting income and taxable income.

Determine tax payable for $2020$ and prepare the journal entry required to record it$.$

Prepare journal entries required to record all remaining income tax effects for $2020.$

Determine the ending $2020$ deferred infome tax balance and show how this is to be reported on the balance sheet as at December $31,2020$ under IFRS.