For the year ended December $31,2023,$ Wildhorse Ltd$.$ reported income before income taxes of $$82,000.$

In $2023,$ Wildhorse Ltd$.$ paid $$69,000$ for rent; of this amount, $$23,000$ was expensed in $2023.$ The remaining $$46,000$ was treated as a

prepaid expense for accounting purposes and would be expensed equally over the $2024-2025$ period. The full $$69,000$ was deductible

for tax purposes in $2023.$

The company paid $$76,000$ in $2023$ for membership in a local golf club $($which was not deductible for tax purposes$).$

In $2023$ Wildhorse Ltd$.$ began offering a $1-$year warranty on all merchandise sold. Warranty expenses for $2023$ were $$32,000,$ of

which $$26,000$ was actual repairs for $2023$ and the remaining $$6,000$ was estimated repairs to be completed in $2024.$

Meal and entertainment expenses totalled $$20,000$ in $2023,$ only half of which were deductible for income tax purposes.

Depreciation expense for $2023$ was $$230,000.$ Capital Cost Allowance $($CCA$)$ claimed for the year was $$254,000.$

Wildhorse was subject to a $20\%$ income tax rate for $2023.$ Wildhorse follows IFRS.

Calculate the amount of any permanent differences for $2023.$

Permanent differences $

eTextbook and Media

List of Accounts

Calculate the amount of any temporary differences for $2023.$

Temporary differences $

eTextbook and Media

List of Accounts

Calculate taxable income and the amount of current income taxes expense for $2023.$

Taxable income