How do you calculate income before taxes, taxable income. and income tax using the additional information.

Tax rate is 21%, Officers Life Insurance Premiums is $6,500, Nondeductible meals and entertainment is $25,200 and the difference between SL depreciation expense ($2,625,176) and DDB depreciation expense ($1,170,506) is $1,454,670.

Using the 12/30/2020 trial balance how do you calculate income tax.

The additional information provided is as follows:

Tax Rate 21%

Officers life insurance premiums $6,500

Nondeductible meals and entertainment $25,200

Temporary difference depreciation expense. Company used SL depreciation for GAAP and DDB depreciation for taxes.

SL depreciation expense for 2020 $2,625176

DDB depreciation expense for 2020 $ 1,170,506

12/31/2010 DER CR 1,300.000 500,000 CA rel A-3 12/31/320 DA 1.400.000 1.110.000 GOU. 500 C1 53,500 23.235 D-1 D-1 5,315,982 2.200 500,000 1 F-1 1 F-1 6-1 6-1 61 69,000 3,880 8.300.000 4,000 550,000 410,000 162,000 100,000 4,050 6,106,000 27.611.000 2,651,000 5,503,000 200,000 6,106.000 22,611,000 2,651.000 5.503.000 350.000 14,792,824 G-1 G-2 17,358.000 15.000 16,625 Checking account US Treasury (0-60 days) Accounts Receivable Allowance for Doubtful Accounts Note Receiveble Interest receivable Inventory Prepaid insurance Federal tax deposits income Investments, available for sale Fair value adjustment, Investments Investments in bondi Bond premium Land Buildings Computer Hardware and software Furniture & Fixtures Vehicles Accumulated depreciation Cash surrender value-office life insurance Accounts payable Current portion of debt & other borrowings Accrued and other current abilities LT Debt Deferred taxes Other noncurrent liabilities Common stock Additional puid-in capital Retained earning Connon stock didends Accumolated other comprehensive loss Sales Cost of goods sold Selling general Admin Expertes Depreciation Net interest expende Federal income tax Interest income Dvidend income Unrealized ala on securities Gain on sale of equipment 1,150,000 3.500,000 19,654,452 41 406 1.825.000 45,000 5,661,000 4,505,000 1.252,000 920,200 4,686,150 17.851,566 41.400 1,878,000 46.000 5.661.000 4,506.000 1359.000 513,000 70,291,828 G-2 48.872,000 13.648,374 2,625, 175 1,602,350 1.296.000 F-1 F-1 3.430 24,000 162.000 31,000 51,229,182 51 229 182 124,736,015 124.736,015 Comprehensive income Ochers of comprehensive income Neti.com 2,468,358 162,000 2,305, 350 CR 12/31/2019 DR CR 1,300,000 500,000 550,000 52,500 ref A-1 A-1 C-1 C-21 D-1 D-1 E-1 12/31/220 DR 1,402,000 1,110,000 608,500 23,235 6,335,982 7,200 500,000 F-1 F-1 F-1 F-1 69,000 3,880 8,309,000 4,000 550,000 410,000 162,000 100,000 4,050 6,106,000 27,611,000 2,651,000 5,503,000 200,000 6,106,000 27,611,000 2,651,000 5,503,000 150,000 G-1 G-1 G-1 G-1 G-2 14,792,824 17,358,000 15,000 16,685 Checking account US Treasury bills (0-60 days) Accounts Receivable Allowance for Doubtful Accounts Note Receivable Interest receivable Inventory Prepaid Insurance Federal tax deposits (income) Investments, available for sale Fair value adjustment, Investments Investments in bonds Bond premium Land Buildings Computer Hardware and Software Furniture & Fixtures Vehicles Accumulated depreciation Cash surrender value - officer life insurance Accounts payable Current portion of LT debt & other borrowings Accrued and other current liabilities LT Debt Deferred taxes Other noncurrent liabilities Common stock, Additional paid-in capital Retained earnings Common stock dividends Accumulated other comprehensive loss Sales Cost of goods sold Selling, general & Admin expenses Depreciation Net Interest expense Federal income tax nterest income Dividend income Unrealized gain on securities Sain on sale of equipment 1,150,000 3,500,000 19,654,452 41,406 1,825,000 46,000 5,661,000 4,506,000 1,252,000 920,200 4,686,350 17,851,566 41,406 1,878,000 46,000 5,661,000 4,506,000 1,359,000 513,000 70,291,828 G-2 48,872,000 13,648,374 2,625,176 1,602,350 1,296,000 D-1 F-1 F-1 G-1 3,430 24,000 162,000 31,000 51,229,182 51,229,182 124,736,015 124,736,015 Comprehensive income ether items of comprehensive income let income 2,468,358 162,000 2,306,358