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Can anyone please help with the question. Please answer all parts . Thank you 1 . DETERMINE CFS Transportation's income tax EXPENSE and net income

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Can anyone please help with the question. Please answer all parts . Thank you

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1 . DETERMINE CFS Transportation's income tax EXPENSE and net income for the Year Ended DECEMBER 31, 2018 . 2. DEterminE CFS Transportation's interest EXPENSE for the Year ENDED DECEMBER 31 , 2018. 3. FredaRE the long-term liabilities Section Of CFS Transportation's DECEMBER 31. ZOTE. balance SHEET. Complete this question by Entering your answers in the tabs below . Required 1 Required 2 Required ?` Determine COZ Transportation's interest EXPENSE for the year Ended December 3 1 , 2018. |['S not round intermediate calculations . Found fina answers to the nearest whole dollars .! CFS TRANSPORTATION Calculation of Interest EXPENSE For the Year Ended December 31, 2018 Capital leZEE Obligation interest Eand interest payable Total interest EXPENSERequired . 1 . DETERMINE CFS Transportation's income tax EXPENSE and net income for the Year Ended DECEMBER 31, 2018. 2. DEterminE CFS Transportation's interest EXPENSE for the Year Ended DECEMBER 31, 2018. 3. FredaRE the long-term liabilities Section Of CFS Transportation's DECEMBER 31. ZOTE. balance SHEET. Complete this question by Entering your answers in the tabs below . Required 1 Required Z Required ? Determine CFS Transportation's income tax EXPENSE End net income for the year Ended December 31 , 2018. CFS TRANSPORTATION Income Tax EXPENSE and HEt Income For the Year Ended December 31, 201.8 Income before income taxes Income tax EXPENSE" QUITEMY Deferred NET income 5. BOOOUTTHE long-term liabilities Section Of CF'S Transportation's DECEMBER 31 , 2017. balance Sheet included the following . IFV OF ]]. FV OF $1 . FVA OF $1. PVA OF IT. FVAD OFF] and PVAD OF {`! I'VEE Appropriate factor( = ) from the tables proulded.) { . ALEZEE liability with 13; remaining lease Payments Of $16. OOO Each . JuE annually on January 1 : LEASE Liability $113 , 65.0 LESS : current portion 4 , 5:15 THE incremental borrowing rate at the inception of the leaze was 179 and the lessor's implicit rate , which was known by [FS Transportation , Was 1076_ D. A deferrEd income tax liability due to a Single temporary diference . The only difference BETWEEN CFS Transportation's taxable income and pretax accounting income is depreciation on & machine acquired on January 1 . 2017. for $560. OOO. The machine's* Estimated Useful life is FIVE Years . with no Salvage value . Depreciation is computed using the Straight-line method for financial reporting 2021 is as follows :" ourgazEs and the MACRIS method for tax purposes . Depreciation EXPENSE for tax and financial reporting purposes for 2018 through MACRIS Straight - Line* YEAR Depreciation Depreciation DifferENCE BILE , BLUE $ GE , EGG 2019 91 , AGE LIE , BLUE (25, EGE` 2420 LIE , E`E 135, EGE` 2021 TL, EGE LIE , AGE ( 45, EGE^ THE EnactEd federal income tax rates are 3546 for 2017 and 4046 for ZOTE through 2021 . For the year Ended DECEMBER 31 . 2018. CF5'S income before income taxes WEE $ 580.000 On July 1. 2018. CFS Transportation issued $GEO. OOD Of }} bonds . The bonds mature in 10 years and interest is payable Each January I and July 1 . The bonds were ISSUEd at a price to yield the investors 1086. CFS records interest at the Effective interest rate . Required . 1 . DEterminE CFS Transportation's income tax EXPENSE and net income for the Year Ended DECEMBER 31 . 2018 2. Determine CFS Transportation's interest EXPENSE for the year Ended DECEMBER 31 , 2018 . { Fromare the |Ann -term lishilities Farting Af { OF Transmutation's Marcumher ?1 ]MHA halance chestRequired. 1 . DETERMINE CFS Transportation's income tax EXPENSE and net income for the Year Ended DECEMBER 31. 2018 2. Determine CFS Transportation's interest EXPENSE for the Year Ended DECEMBER 31 , 2018 . 3. FREDETE the long-term liabilities Section Of CFS Transportation's DECEMBER 31. ZOTE. balance SHEET. Complete this question by Entering your answers in the tabs below . Required 1 Required ?) Required ? Prepare the long-term liabilities section of CFE Transportation = DECEMBER 31, 2018, balance Sheet . |DO not round intermediate calculations . Found final answers to the nearest whole dollars .!" Z FS TRANSPORTATION Long - Term Liabilities Section of Balance Sheet DECEMBER 3 1, 2010 Long-term liabilities ! LEZEE liz bility" LESS . current panion Bonds payable , net DeferrEd income tax liability Total long-term liabilities

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