Music Media Ltd, prepares statements quarterly. Part A: Required: 1. Based on 2022 results. Music's estimated tax liability for 2023 is $309,960. Music will accrue 1/20 of this amount at the end of each month (assume the installments are paid the next day). Prepare the entry on January 31, 2023, to accrue the tax liability and on February 1 to record the payment. Required: 3. Complete the following table assuming Music estimates its tax liability for the year 2023 to be $655,500. (Do not round intermediate calculations.) 4. Assuming that actual tax for the year 2023 was determined to be $732,000, prepare the appropriate adjusting entry at year-end to bring the balance in the Income Tax Expense account to the correct balance, assuming no accrual has yet been recorded for the fourth quarter. 5. Calculate Music's actual profit for the year 2023