Would you mind to help me answer question a and b

The records for Bosch Co. show this data for 2018: installment receivables was $320,000 Life insurance on officers was $3,800. Machinery was acquired in January for $300,000. Straight-line depreciation salvage value) is used. For tax purposes, MACRS depreciation is used an tecorded on the books was $480.000. Gross profit from collections of . over a ten-year life (no d Bosch may deduct 14% for 2018. Interest received on tax exempt lowa State bonds was $9,000. The estimated warranty liability related to 2018 sales was $21,600. Repair costs under warranties during 2018 were $13,600. The remainder will be incurred in 2019. Pretax financial income is $700,000. The tax rate is 30%. . Instructions (a) Prepare a schedule starting with pretax financial income and compute taxable income. (b) Prepare the journal entry to record income taxes for 2018