I have attached all the information needed for this problem. There is also feedback in the document as well to help finish it. I need this done by this after noon. Thank you in advance.

At the beginning of 2013, Norris Company had a deferred tax liability of $5,400, because of the use of MACRS depreciation for income tax purposes and units-of-production depreciation for financial reporting. The income tax rate is 30% for 2012 and 2013, but in 2012 Congress enacted a 40% tax rate for 2014 and future years. Norris's accounting records show the following pretax items of financial income for 2013: income from continuing operations, $123,000 (revenues of $355,000 and expenses of $232,000); gain on disposal of Division F, $20,700; extraordinary loss, $15,300; loss from operations of discontinued Division F, $10,700; and prior period adjustment, $18,000, due to an error that understated revenue in 2012. All of these items are taxable; however, financial depreciation for 2013 on assets related to continuing operations exceeds tax depreciation by $4,400. Norris had a retained earnings balance of $142,000 on January 1, 2013, and declared and paid cash dividends of $37,000 during 2013. Required: Hide 1. Prepare Norris's income tax journal entry at the end of 2013. If an amount box does not require, leave it blank. Dec. 31 Hide Feedback Partially Correct Check My Work Feedback Intraperiod income tax allocation is the allocation of a corporation's total income tax expense for a period to the various components of income that are reported in the income statement, comprehensive income, and/or the statement of shareholders' equity. GAAP requires intraperiod income tax allocation to income (or loss) related to discontinued operations, extraordinary items, retrospective adjustments, and prior period adjustments, as well as gains and losses included in other comprehensive income. When a corporation has these items, it allocates income taxes between them and income from continuing operations. You should note that the debit to Income Tax Expense relates only to the income taxes applicable to income from continuing operations. The following partially completed schedule will help you to organize the information for this exercise. Schedule 1 Component (pretax) Component (pretax) X Income Tax Rate = Financial income from continuing operations $123,000 + Excess depreciation for financial reporting ? = Taxable income from continuing operations ? X ? = Loss from operations of discontinued division ($10,700) X ? = $20,700 X ? = ($15,300) X ? = $18,000 X ? = ? X ? = Gain on disposal of discontinued division Extraordinary loss Prior period adjustment Taxable income Schedule 2 Schedule 3 Deferred Tax Liability Beginning balance $5,400 +/- change ? Ending balance ? Schedule 4 Hide 2. Prepare Norris's 2013 income statement. NORRIS COMPANY Income Statement For Year Ended December 31, 2013 $ $ $ Results from discontinued operations: $ $ $ Hide Feedback Partially Correct Hide 3. Prepare Norri's 2013 statement of retained earnings. NORRIS COMPANY Statement of Retained Earnings For Year Ended December 31, 2013 $ Retained earnings, January 1, 2013 Adjusted retained earnings, January 1, 2013 $ $ Retained earnings, December 31, 2013 Hide Feedback Partially Correct $ Hide 4. Show the related income tax disclosures on Norris's December 31, 2013, balance sheet. NORRIS COMPANY Partial Balance Sheet December 31, 2013 Current Liabilities $ Noncurrent Liabilities $