1. The MC company presents the following information for 2022. There is an excess in tax depreciation over book depreciation of $40,000. This difference will be reversed in equal parts in 2023 to 2026. The company also received an advance rental income of $35,000. The rent is recognized as income in 2023.

Income before taxes is 450,000. There is a balance of deferred taxes until 2022 of $5,000. The following is requested:

1. Calculate the record of taxable income for 2022.
2. Prepare records for deferred tax, tax payable expense, and 2022 tax payable.
3. Prepare records for deferred tax, tax expense payable, and 2023 tax payable, assuming taxable income of $325,000