Engage Ltd., at the end of 2023, its first year of operations, prepared a reconciliation between pre-tax accounting income and taxable income as follows: Pre-tax accounting income............ Excess CCA claimed for tax purposes.. Estimated expenses deductible when paid. Taxable income. $300,000 (600,000) 500,000 $200,000 Use of the depreciable assets will result in taxable amounts of $200,000 in each of the next three years. The estimated expenses of $500,000 will be deductible in 2026 when settlement is expected to be made. The enacted tax rate is 25% and is to increase to 28%, starting in 2024. Required: a) Prepare a schedule of the deferred taxable and deductible amounts. b) Prepare the required adjusting entries to record income taxes for 2023