Based on $2022$ results, Music$$s estimated tax liability for $2023$ is $$285,960.$ Music will accrue $1/12$ of this amount at the end of each month $($assume the installments are paid the next day$).$ Prepare the entry on January $31,2023,$ to accrue the tax and on February $1$ to record the payment

$2.$ at year end, December $31,$ the actual income tax for $2023$ was determined to be $$291,420.$ Prepare the adjusting entry on December $31$ to record the accrual $($assume $11$ months have been accrued to date in $2023).$ Record the payment on January $1,2024$

$3.$ Complete the following table assuming Music estimates its tax liability for the year $2023$ to be $$640,000$

Jan$-$ Mar Apr$-$ June July$-$ Sept Oct$-$ Dec

Actual profit before tax $$280,000$ $$410,000$ $$430,000$ $$510,000$

Estimated income tax expense

Profit

$4.$ Assuming that actual tax for the year $2023$ was determined to be $$652,000,$ prepare the appropriate adjusting entry at year$-$end to bring the balance in the Income Tax Expense account to the correct balance, assuming no accrual has been recorded for the fourth quarter

$5.$ Calculate Music$$s actual profit for the year $2023$