BBY is a calendar year accrual method corporation with a marginal and effective tax rate of 34%. It had $5,000,000 of financial income before making the following cash payments on December 31,2011:

1. $4,000paidtoaconsultantforworktobeperformedinJanuary2012.
2. $600,000forequipmentdeliveredonDecember1,2011.Theequipmenthasausefullifeof10yearsforfinancialaccountingand7yearsfortaxaccounting.thiswastheonlyassetpurchasedin2011.(MACRSmid-quarterpercentageis3.57.theSec.179deductionwasnottaken)
3. $17,000forpropertytaxforthefirstsixmonthsof2012.
4. $84,000foratwo-yearofficeleasebeginningDecember1,20111.
5. $230,000forinventorypurchases.$100,000wason-handat12/31/11

for each of these expenditures:

• howaretheseexpendituresreportedforfinancialandtaxableincome?
• whatisthefinancialtaxexpense?
• whatistaxliability?
• what is the journal entry to record the tax accrual?