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Show math. 28) The information that follows pertains to Julia Company: (a.) Temporary differences for the year 2021 are summarized below. Expenses deducted in the

Show math.

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28) The information that follows pertains to Julia Company: (a.) Temporary differences for the year 2021 are summarized below. Expenses deducted in the tax return, but not included in the income statement: Depreciation $60,000 Prepaid expense 8,000 Expenses reported in the income statement, but not deducted in the tax return: Warranty expense 9,000 (b.) (c.) (d.) (e.) No temporary differences existed at the beginning of 2021. Pretax accounting income was $67,000 and taxable income was $8,000 for 2021. There were no permanent differences. The tax rate is 25%. Required: Prepare the journal entry to record the tax provision for 2021. Provide supporting computations

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