For the year ended December 31, 2023, Deerhurst Inc., a Canadian public company, calculated income before income taxes of $ 6,000,000. Included among the 2023 expenses are the following: $840,000 for meals and entertainment $ 70,000 for golf club memberships for senior management $2,500,000 of depreciation . $700,000 in warranty expense Additional Information: 1. The tax rate for 2022 was 30%. In 2023, the government reduced the tax rate to 28%. 2. At December 31, 2022, the following were included among the items presented on the statement of financial position of Deerhurst: Depreciable assets with a net book value of $ 17,000,000 A warranty liability of $2,100,000 3. For tax purposes Depreciable assets had a UCC (undepreciated capital cost) of 13,000,000 at December 31, 2022. Deerhurt paid $ 800,000 for warranty claims in 2023. The company claimed CCA (Capital cost allowance) of $ 3,000,000 The company had a loss carry forward of $ 400,000 on December 31, 2022. 4. To December 31, 2023, Deerhurst had made income tax installment payments for 2023 of $ 1,400,000. These amounts had been debited to the income tax payable account. Required: a) Calculate the current portion of income tax expense. (10 Marks) b) Calculate the deferred portion of income tax expense. (8 Marks) c) Prepare the journal entry for 2023. (2 Marks)