Metge Corporation's worksheet for calculating taxable income for 2017 follows ( in thousands ) Pre-tax income Permanent differences $1,000 Goodwill impairment Interest on municipal bonds 400 (200) Temporary differences Depreciation Warranty costs Rent received in advance (800) 400 600 Taxable income $1,400 The enacted tax rate for 2017 is 35%, but it is scheduled to increase to 40% in 2018 and subsequent years. All temporary differences are originating differences. Metge had no deferred tax assets or deferred tax liabilities at December 31, 2016 Required 1. Determine Metge's 2017 taxes due 2. What is the change in deferred tax assets (liabilities) for 2017? 3. Determine tax expense for 2017 4. Provide a schedule that reconciles Metge's statutory and effective tax rates (in both percentages and dollar amounts) Complete this question by entering your answers in the tabs below. Reqs 1 to 3 Req 4 Provide a schedule that reconciles Metge's statutory and effective tax rates (in both percentages and dollar amounts) (Negative amounts should be indicated by a minus sign. Enter your answers in thousands of dollars.) Percentage of Amount Pre-Tax Income Expected tax expense at statutory rate Effect of permanent differences Goodwill impairment Interest on municipal bonds Effect of higher tax rates on temporary differences Depreciation Warranty costs Rent received in advance Effective tax rate