Number 3 got cut off at the bottom. It says, "What is Case's 2022 and 2023 net income?"

Case Inc. began operations in Dec 2022. Income from property sold on installment is recognized in the year of sale. 2022 installment income was $600,000. Scheduled collections and enacted tax rates for 2023-2025 are: Case had warranty expenses of $80,000 in 2022 , of which only $20,000 was actually paid. The remaining $60,000 will be paid over 3 years: 2023 - $20,000,2024$25,000,2025 - $15,000. Pretax accounting income for 2022 was $810,000, which includes municipal bond interest revenue of $10,000. The 2022 tax rate is 30%. Instructions: 2. On December 22, 2023, a new federal law is passed, reducing the corporate income tax rate to 21% effective in 2024 . Case has Pretax Accounting income for 2023 of $850,000. Prepare the journal entry to record Case's 2023 income taxes, assuming no new differences between accounting income and taxable income other than those previously described