need help with (7) Jan 31 Depreciation expense and (10) income tax expense & payable.

Grid Iron Prep Inc. (GIPI) is a service business incorporated in January of the current year to provide personal training for athletes aspiring to play college football. The following transactions occurred during the month ended January 31. a. GIPI issued stock in exchange for $140,000 cash on 1/01. b. GIPI purchased a gymnasium building and gym equipment on 1/02 for $54,000, 80% of which related to the gymnasium and 20% to the equipment. C. GIPI paid $600 cash on 1/03 to have the gym equipment refurbished before it could be used. d. GIPI provided $8,000 in training on 1/04 and expected collection in February. E. GIPI collected $40,000 cash in training fees on 1/10, of which $36,000 related to January and $4,000 related to February. f. GIPI paid $26,500 of wages and $7,000 in utilities on 1/30. g. GIPI will depreciate the gymnasium building using the straight-line method over 10 years with a residual value of $4,000. Gym equipment will be depreciated using the double-declining-balance method, with an estimated residual value of $3,500 at the end of its four-year useful life. Record depreciation on 1/31 equal to one-twelfth the yearly amount. h. GIPI received a bill on 1/31 for $240 for advertising done on 1/31. The bill has not been paid or recorded. i. GIPI uses the aging method for estimating doubtful accounts and, on 1/31, will record an estimated 3 percent of its under-30-day-old accounts as not collectible. j. GIPI's income tax rate is 30%. Assume depreciation for tax is the same amount as depreciation for financial reporting purposes. No Date General Journal Debit Credit 1 Jan 01 Cash 140,000 Common Stock 140,000 2 Jan 02 Buildings 43,200 Equipment 10,800 Cash 54,000 3 Jan 03 Equipment 600 Cash 600 4 Jan 04 Accounts Receivable 8,000 Service Revenue 8,000 5 Jan 10 Cash 40,000 Service Revenue 36,000 Deferred Revenue 4,000 Jan 30 26,500 Salaries and Wages Expense Utilities Expense 7,000 Cash 33,500 7 Jan 31 802 Depreciation Expense Accumulated Depreciation Buildings 327 8 Jan 31 Advertising Expense 240 Accounts Payable 240 9 Jan 31 Bad Debt Expense 240 Allowance for Doubtful Accounts 240 10 Jan 31 2,636 Income Tax Expense Income Tax Payable 2,636