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Please help me with the below problem: The following information is provided for X Corporation for the year ending December 31, 2018: Book earnings before

Please help me with the below problem:

The following information is provided for X Corporation for the year ending December 31, 2018:

Book earnings before income taxes

$6,000

Tax exempt interest income

600

Taxes on foreign income above the U.S. statutory rate

200

State income taxes (before Federal benefit)

500

Annual increase in warranty reserve

200

Dividend received deduction on dividends from foreign subsidiaries

600

Foreign tax credits available after the TCJA

400

Tax over book depreciation for 2018

500

Current year increase in valuation allowance

1,000

Entertainment expenses

400

Foreign derived intangible income (FDII) special deduction

600

X Corporation has not made an assertion under APB 23 that their non-U.S. undistributed earnings will be invested indefinitely or that the earnings will be solely remitted in a tax-free liquidation.The U.S. statutory rate is 21%.Based on all of the information presented, show an effective rate reconciliation showing the dollar amount ofeach reconciling item(i.e. donot combine potentially immaterial amounts) and the impact of each reconciling item on the effective tax rate.

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