Metge Corporation's worksheet for calculating taxable income for 20X1 follows: ($ in thousands) Pre-tax income Permanent differences: 20X1 $1,000 400 Interest on municipal bonds (200) Goodwill impairment Temporary differences: Depreciation Warranty costs Rent received in advance Taxable income (800) 400 600 $1,400 The enacted tax rate for 201 is 21%, but it is scheduled to increase to 25% in 20X2 and subsequent years. All temporary differences are originating differences. Metge had no deferred tax assets or deferred tax liabilities at December 31, 20X0. Required: 1. Determine Metge's 201 taxes due. 2. What is the change in deferred tax assets (liabilities) for 20X1? 3. Determine tax expense for 20X1. 4. Provide a schedule that reconciles Metge's statutory and effective tax rates (in both percentages and dollar amounts) for 201. Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 1. Determine Metge's 20X1 taxes due. 2. What is the change in deferred tax assets (liabilities) for 20X1? 3. Determine tax expense for 20X1. (Enter your answers in thousands of dollars.) Amount in 000's 1. Tax due $ EA 490 2. Increase in deferred tax assets $ 80 3. Tax expense $ 410 x Show less Provide a schedule that reconciles Metge's statutory and effective tax rates (in both percentages and dollar amounts) for 20X1. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands of dollars. Round percentage answers to 1 decimal place.) Amount in 000's Percentage of Pre-Tax Income Expected tax expense at statutory rate $ Effect of permanent differences Goodwill impairment Interest on municipal bonds Effect of scheduled change in tax rate Effective tax rate 350x 35.0 % 140 x 14.0 % (70) x (7.0) x% (10) (1.0) % $ 410 41.0 %