. Gross profit on instalment sales recorded on the books was $200,000. Gross profit from collections of instalment receivables was $150,000. Golf club dues were $3,800. Machinery was acquired in January for $300,000. Straight-line depreciation over a ten-year life (no residual value) is used. For taxes, CCA is used and Suez may deduct 14% for 2021. Dividends received from a Canadian corporation were $9,000. The estimated warranty liability related to 2021 sales was $19,600. Warranty repair costs paid during 2021 were $13,600. The remainder will be paid in 2022. Pretax accounting income is $250,000. The enacted income tax rate is 30%. Required (a) Prepare a schedule (starting with pretax accounting income) to calculate taxable income. [5 mark] (b) Prepare the adjusting journal entries to record income taxes for 2021. [10 marks)