Problem #$1(4$ points$)$

Turner Manufacturing Company reports pretax accounting income of $$355,000,$ but due to a single

temporary difference of depreciation expense, taxable income is only $$235,000.$ At the beginning

of the year, there was a deferred tax liability of $$10,000.$ Assume a $25\%$ tax rate for Turner. As

discussed in Chapter $16,$ please complete the following answers based on the four$-$step process to

account for the temporary difference related to depreciation expense.

Income tax payable $

Ending balance in the deferred tax liability account $

The change in the deferred tax liability account $

Income tax expense