Scenario 3 For the year ended December 31, 2021, Star Engineering Inc. reported a pretax accounting income of $900,000. Additional information related to Star Engineering Inc. is as follows. Interest income on Municipal Bonds $30,000 Depreciation claimed on the 2021 tax return in excess of depreciation on the income $5,000 statement Carrying value of depreciable assets in excess of tax basis at year-end, $50,000 Warranty expenses reported on the income statement $25,000 Actual warranty expenses in 2021 S15,000 Star Engineering Inc.'s income tax rate is 40%. On January 1, 2021, the company records indicated zero and S10,000 in its deferred tax asset and deferred tax liability accounts, respectively, You are required to 1. Determine the amount necessary to record income taxes for 2021 and prepare appropriate journal entry 2. What is Star Engineering Ine's net income for 2021 Scenario 4 A&A has a noncontributory, defined benefit pension plan. On December 31, 2021, A&A received the following information Projected Benefit Obligations (S in millions) Balance, January 1 $120 Service Cost Interest Cost Benefits paid 199 Balance, December 31 Plan Assets Balance, January 1 20 12 $143 SNO 3 Actual Return on plan assets Contributions 202120 Benefits paid Balance, December 31 9 20 (9) $100 The expected long-term rate of return on plan assets was 10%. There was no prior service cost and a negligible loss-AOCI on January 1, 2021 You are required to 1. Determine A&A's pension expense for 2021 2. Prepare joumal entries to record pension expenses, funding, and payment for 2021