Cose Development began og erations in December 202. When property sold on an installment besis, Cose recognizes Installment Income for financial reporting purposes in the yer of the sie. For tsx purposes, installment income is reported by the Instalment method 2021 stallment Income was 9960,000 and will be collected over the next three years. Schedules coections and enscted sx rates for 2022-2024 are as follows: 2022 2023 2024 $340,000 34.620 280.600 28 25 25 Cosesshed product warranty costs of $420.000 expenses for financial reporting purposes in 2021. For tex purposes only the $100.000 of warranty costs scely paid in 2021 was deducted. The remaining $320,000 will be deducted for tax purposes when i over the next three years as follows: 2822 $129,820 2023 184, 2324 95,00 Precsx accounting income for 2021 w St.060.000. which includes interest revenue of $30,000 from municipal bonds. The enacted tax rate for 202: 20% Required: 1. Assuming no differences between accounting income and taxable income other than those described above, presre the appropriate journal entry to record Cose's 202. Income taxes. 2. What is Case's 2023 net income