Music Media Ltd. prepares statements quarterly. Part A: Required: 1. Based on 2019 results, Music's estimated tax liability for 2020 is $339,960. Music will accrue 1/30 of this amount at the end of each month (assume the installments are paid the next day). Prepare the entry on January 31, 2020, to accrue the tax liability and on Part B: Required: 3. Complete the following table assuming Music estimates its tax liability for the year 2020 to be $670,500. (Do not round intermediate calculations.) Jan.-Mar. Apr.- June July-Sept. Oct.-Dec. Income before tax Estimated income tax expense Profit $ 298,000 $428,000 $ 448,000 $528,000