The records for Bosch Co. show this data for 2018: Gross profit on installment sales recorded on the books was $390,000. Gross profit from collections of installment receivables was $250,000. Life insurance on officers was $3,500. Machinery was acquired in January for $270,000. Straight-line depreciation over a ten-year lif (no salvage value) is used. For tax purposes, MACRS depreciation is used and Bosch may dedu 14% for 2018. Interest received on tax exempt lowa State bonds was $8,700. The estimated warranty liability related to 2018 sales was $21,300. Repair costs under warranties during 2018 were $13,300. The remainder will be incurred in 2019. Pretax financial income is $570,000. The tax rate is 30%. Part 1 Prepare a schedule starting with pretax financial income and compute taxable income. (Enter ne Schedule of Pretax Financial Income and Taxable income for 2018 Part 2 Prepare the journal entry to record income taxes for 2018. (Credit account titles are automatically indented when amo Account Titles and Explanation Debit Credit