I've seen the answers posted for the 2021 version so I wanted to see if you could do it for 2022

Determine the quarters for which XYZ is subject to underpayment of estimated tax penalties. Note: Round "Annualization Factor" for Fourth quarter to 2 decimal places. Required: a. Compute XYZ 's taxable income. b. Compute XYZ's income tax liability. e. Determine the quarters for which XYZ is subject to underpayment of estimated tax penalties. Note: Round "Annualization Factor" for Fourth quarter to 2 decimal places. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute XYZ's taxable income. ONLY ENTER AMOUNTS IN THE CELLS THAT ARE SHADED LIGHT ORANGE. These are the Book-Tax Adjustments. You will use these columns to prepare Schedule M-1. Required: a. Compute XYZ's taxable income. b. Compute XYZ 's income tax liability. e. Determine the quarters for which XYZ is subject to underpayment of estimated tax penalties. Note: Round "Annualization Factor" for Fourth quarter to 2 decimal places. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute XYZ 's income tax liability. XYZ is a calendar-year corporation that began business on January 1, 2022. For the year, it reported the following information in its current-year audited income statement. Notes with important tax information are provided below. Use Exhibit 16-6. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Description } & \multicolumn{5}{|c|}{\begin{tabular}{c} XYZ Corp. \\ Book-Tax Reconciliation \\ For Current Year \end{tabular}} & \multirow[b]{2}{*}{\begin{tabular}{c} Taxable Income \\ (Dr) Cr \end{tabular}} \\ \hline & \begin{tabular}{l} Book Income \\ (Dr) Cr \end{tabular} & \begin{tabular}{c} Debit \\ [Favorable] \end{tabular} & \begin{tabular}{l} - Tax A \\ Templ \\ Perm \end{tabular} & \begin{tabular}{l} djustments --. \\ Credit \\ [Unfavorable] \end{tabular} & \begin{tabular}{l} Templ \\ Perm \end{tabular} & \\ \hline Revenue from sales & 40,000,000 & & & & & 40,000,000 \\ \hline Cost of goods sold & (27,000,000) & & & & & (27,000,000) \\ \hline \begin{tabular}{l} Gross profit \\ Other income: \end{tabular} & 13,000,000 & & & & & 13,000,000 \\ \hline Income from investment in corp stock & 300,000 & & & & & 300,000 \\ \hline Interest income & 20,000 & & & & & 20,000 \\ \hline Capital gains (losses) & (4,000) & & & & & (4,000) \\ \hline Gain/(loss) on fixed asset dispositions & 3,000 & & & & & 3,000 \\ \hline Miscellaneous income & 50,000 & & & & & 50,000 \\ \hline \begin{tabular}{c} Gross income \\ Expenses: \end{tabular} & 13,369,000 & & & & & 13,369,000 \\ \hline Compensation & (7,500,000) & & & & & (7,500,000) \\ \hline Stock option compensation & (200,000) & & & & & (200,000) \\ \hline Advertising & (1,350,000) & & & & & (1,350,000) \\ \hline Repairs and Maintenance & (75,000) & & & & & (75,000) \\ \hline Rent & (22,000) & & & & & (22,000) \\ \hline Bad debt expense & (41,000) & & & & & (41,000) \\ \hline Depreciation & (1,400,000) & & & & & (1,400,000) \\ \hline Warranty expenses & (70,000) & & & & & (70,000) \\ \hline Charitable donations & moved below & & & & & \\ \hline \end{tabular} EXHIBIT 16-6 Net Operating Loss Carryback and Carryover Summary* *In certain situations, when a corporation with a NOL experiences an "ownership change," the NOL deduction may be limited beyond the restrictions described in this exhibit. (see 382). A discussion of these rules are beyond the scope of this text. **A corporation can elect to forgo the NOL carryback and simply carry the NOL forward to future years. Also, if a corporation carries back a NOL, it must carry it back to the earliest year first (i.e., two years prior or five years prior, depending on the year the NOL originated). 10. On July 1 of this year, XYZ acquired the assets of another business. In the process, it acquired $300,000 of goodwill. At the end of the year, XYZ wrote off $30,000 of the goodwill as impaired. 11. XYZ expensed all of its organizational expenditures for book purposes. XYZ expensed the maximum amount of organizational expenditures allowed for tax purposes. 12. The other expenses do not contain any items with book-tax differences. 13. This is an estimated tax provision (federal tax expense) for the year. Assume that XYZ is not subject to state income taxes. Estimated tax information: XYZ made four equal estimated tax payments totaling $360,000 ( $90,000 per quarter). For purposes of estimated tax liabilities, assume XYZ was in existence in 2021 and that in 2021 it reported a tax liability of \$500,000. During 2022, XYZ determined its taxable income at the end of each of the four quarters as follows: Finally, assume that XYZ is not a large corporation for purposes of estimated tax calculations. Note: Do not round intermediate calculations. Round your answers to the nearest dollar amount