Crane Corp. reported the following differences between SFP carrying amounts and tax bases at December 31, 2022: Carrying Amount Tax Base Depreciable assets $108,000 $72,900 Warranty liability (current liability) 18,500 0 Pension liability (long-term liability) 38,600 0 The differences between the carrying amounts and tax bases were expected to reverse as follows: 2023 2024 After 2024 Depreciable assets $16,500 $14,000 $4,600 Warranty liability 18,500 0 0 Accrued pension liability 12,000 11,000 15,600 Tax rates enacted at December 31, 2022 were 32% for 2022, 31% for 2023, 30% for 2024, and 29% for 2025 and later years. During 2023, Crane made four quarterly tax instalment payments of $7.500 each and reported income before income tax on its income statement of $111,900. Included in this amount were dividends from taxable Canadian corporations of $4,500 (non-taxable income) and $21,000 of expenses related to the executive team's golf dues (non-tax-deductible expenses). There were no changes to the enacted tax rates during the year. As expected, book depreciation in 2023 exceeded the capital cost allowance claimed for tax purposes by $16,500, and there were no additions or disposals of property, plant, and equipment during the year. A review of the 2023 activity in the Warranty Liability account in the ledger indicated the following: Balance, Dec. 31, 2022 $18,500 Payments on 2022 product warranties (16,900) Payments on 2023 product warranties. (4,600) 2023 warranty accrual 27,300