Stardust Inc. follows IFRS and has the year-end of Dec 31. In 2020, Stardust was subject to the income tax rate of 25%. Stardust Inc. reported pre-tax income of $19,850 for 2020. Prior to 2020, accounting income was the same as taxable income each year. In 2020, Stardust paid $12,960 for advertising, of which $4,320 was expensed in 2020 and $8,640 was booked as a prepaid expense for accounting purposes (the prepayment would be expensed equally in 2021 and 2022). The entire $12,960 was deducted for income tax purposes in 2020. Stardust paid $3,110 for a club membership in 2020, but this amount was not deductible for tax purposes. Stardust offered a 1-year warranty on products sold in 2020. Warranty expenses were $2,590 for 2020, of which $2,020 was actual repairs for the year and the remaining $570 was for estimated repairs in 2021. Meal and entertainment expenses were $4,120 in 2020 but only half was deductible for tax purposes. An asset was purchased for $52,450 on January 1, 2020. Depreciation expense was $10,490 and Capital Cost Allowance (CCA) was $13,420 for the year 2020. Instructions: a. Calculate taxes payable and taxable income for 2020. (4 Marks) b. Prepare the journal entries to record current and deferred income taxes for 2020. (4 Marks)