The following information pertains to Ramesh Company for 201: Book income before income taxes Income tax expense Income taxes due for this year Statutory income tax rate $106,000 27,300 16,800 218 The company has one permanent difference and one temporary difference between book and taxable income. Required: 1. Calculate the amount of temporary difference for 201 and indicate whether it causes book income to be more or less than taxable income. 2. Calculate the amount of permanent difference for 20X1 and indicate whether it causes book income to be more or less than taxable income. 3. Provide the journal entry to record income tax expense for 20X1. 4. Compute the effective tax rate (that is, income tax expense divided by book income before taxes). Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Provide the journal entry to record income tax expense for 20X1. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)