First Capital Company had the following temporary differences on their financial statements and tax return during 2021: Warranty expense accrued of $40,000 during the year, but not expected to be paid in actual warranty claims until 2022 and 2023 (in equal amounts). Prepaid subscriptions of $200,000 during the year that will be recognized as expense by First Capital during 2022. Gross profit on installment sales of $120,000 was recognized for financial reporting purposes; however, the cash will be received in equal amounts during 2022-2024. The tax rate is 40%. First Capital reported taxable income of $620,000 during 2021, its first year of operations. REQUIRED: 1. For each temporary difference, indicate if they give rise to a future deductible or future taxable amount for First Capital. What is the amount of the related DTA and DTL that First Capital will have to recognize? 2. Calculate pre-tax accounting income for 2021. 3. Provide all required journal entries for 2021. 4. Prepare a (partial) balance sheet for 2021.