The records for Kalman Ltd$.$ show the following data for calendar $2023$:

$1.$ Gross profit on instalment sales recorded on the books was $$100,000.$ Gross profit from collections of instalment receivables was $$50,000.$

$2.$ Golf club dues were $$3,800.$

$3.$ Machinery was acquired in January $2023$ for $$300,000.$ Kalman uses

straight$-$line depreciation over a ten$-$year life $($no residual value$).$ For tax

purposes, Kalman uses CCA at $14\%$ for $2023$ after considering the half$-$year rule.

$4.$ Dividends received from a Canadian corporation were $$4,000.$

$5.$ The estimated warranty liability related to $2023$ sales was $$19,600.$ Warranty repair costs paid during $2023$ were $$13,600.$ The remainder will be paid in $2024.$

$6.$ Pre$-$tax accounting income is $$400,000.$ The enacted income tax rate is $25\%.$

Instructions

a$)$ Prepare a schedule $($starting with pre$-$tax accounting income$)$ to calculate taxable income.

b$)$ Prepare the required adjusting entries to record income taxes for $2023.$