Asxignment $2-$ Income Tax Expense Liability $-$ Deferred Texes

Dr House decided to start a medical clinic during $2025.$ He inverted his own calh into the sew medical clinic corporation. The following informatioe pertains to the coeporition for years $2025,2026,2027,$ and $2028.$

The corporate tax rate for $2025-2028$ was $30\%.$

Pre$-$tax fennctat income was $$280,000$ for $2025,5320,000$ for $2026,5350,000$ for $2027,$ and for $2028$$$400,000($including $$15,000$ of non$-$taxable mumicipal bond interent$).$

For $2025,$ $$20,000$ of insurance expense was included for financial purpones but not for tax purposes, but it will be included in expenses for tax praposes in $2026.$

For $2025,$ $$100,000$ of depreciation expense was included for tax purpones bet not finseial perposes. For $2026,$ $$75,000$ of that depreciation was incloded in expenses for finurcial perposes, and for $2027,525,000$ included in expenses for finuncial purposes.

On an Exeel spreadsheet, please show the joumal entries for each year to record income lax expense, income tax liability, and ary tax deferrals for $2025,2026,2027,$ and $2028?$

What is the effective tax rate $2028$ for financial purposed?