The records for Bosch Co. show this data for 2021:

Gross profit on installment sales recorded on the books was $480,000. Gross profit from collections of installment receivables was $320,000.

Life insurance expense on officers was $3,800. Bosch is listed as the beneficiary on the policy.

Machinery was acquired in January for $300,000. Straight-line depreciation over a ten-year life (no salvage value) is used. For tax purposes, MACRS depreciation is used and Bosch may deduct 14% for 2021.

Interest received on tax exempt Iowa State bonds was $9,000.

The estimated warranty liability related to 2021 sales was $21,600. Repair costs under warranties during 2021 were $13,600. The remainder will be incurred in 2022.

Pretax financial income is $700,000. The tax rate for all years is 20%.

(1) In 2021, Boschs pretax income, after adjusting for permanent differences is: (Show your answer as: $xxx,xxxx)Question Blank

(2) In 2021, the installment sale will result in a deferred tax asset or liabiltiy: (Show your answer as: asset or liability)Question Blank

(3) In 2021, the warranty will result in a deferred tax asset or liabiltiy: (Show your answer as: asset or liability)Question Blank

(4) In 2021, Boschs taxable income is: (Show your answer as: $xxx,xxxx)Question Blank(

5) In 2021, Boschs deferred tax liabilities total: (Show your answer as: $xxx,xxxx)Question Blank

(6) In 2021, Boschs income tax payable is: (Show your answer as: $xxx,xxxx)Question Blank