Problem 1. Western Corporation began operations on january 1,2022 and purchased a machine for $120,000 at that time. Western uses straight-line depreciation over a four-year period for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2022, 30\% in 2023, and 20% in 2024. The cumulative temporary differences - all related to depreciation: At the beginning of 2022$0 At the end of 2022$30,000 At the end of 2023$36,000 At the end of 2024$30,000 At the end of 2025$0 Pretax accounting income for 2025 - which is the FOURTH year of using this machine - is $130,000, Recall that for tax purposes the machine had been depreciated over three years. The enacted tax rate was 30% in 2022 and 2023 , but before the end of 2023 the legislation changed the tax rate to 20% for 2024 and beyord. There are no other differences between accounting and taxable income. Required: a. Calculate Western's income taxes due for 2025. b. Prepare Western's 2025 journal entry for income taxes