Metge Corporation$$s worksheet for calculating taxable income for $20$X$1$ follows:

$($$ in thousands$)20$X$1$

Pre$-$tax income $ $1,000$

Permanent differences:

Goodwill impairment $400$

Interest on municipal bonds $(200)$

Temporary differences:

Depreciation $(800)$

Warranty costs $400$

Rent received in advance $600$

Taxable income $ $1,400$

The enacted tax rate for $20$X$1$ is $21\%,$ but it is scheduled to increase to $25\%$ in $20$X$2$ and subsequent years. All temporary differences are originating differences. Metge had no deferred tax assets or deferred tax liabilities at December $31,20$X$0.$

Required:

Determine Metge$$s $20$X$1$ taxes due.

What is the change in deferred tax assets $($liabilities$)$ for $20$X$1?$

Determine tax expense for $20$X$1.$

Provide a schedule that reconciles Metge$$s statutory and effective tax rates $($in both percentages and dollar amounts$)$ for $20$X$1.$