Company MC presents the following information for $2022.$ There is an excess of tax depreciation over book depreciation of $$40,000.$ This difference will reverse in equal parts from $2023$ to $2026.$ The company also received an advance rental income of $$35,000.$ The rent is recognized as income in $2023.$

The income before taxes is $$450,000.$ There is a deferred tax balance of $$5,000$ as of $2022.$ The following is requested:

a$)$ Calculate the taxable income entry for $2022.$

b$)$ Prepare the entries for deferred tax, expense for income tax payable, and income tax payable for $2022.$

c$)$ Prepare the entries for deferred tax, expense for income tax payable, and income tax payable for $2023,$ assuming a taxable income of $$325,000.$