from the above show the calculation for temporary differences and net deferred tax liability

For the year ended December 31, 2023, Kingbird Ltd. reported income before income taxes of $96,000. In 2023, Kingbird Led. paid $63,000 for rent; of this amount, $21,000 was expensed in 2023. The remaining $42,000 was treated as a prepaid expense for accounting purposes and would be expensed equally over the 2024-2025 period. The full $63,000 was deductible for tax purposes in 2023. The company paid $75,000 in 2023 for membership in a local golf club (which was not deductible for tax purposes). In 2023 Kingbird Led. began offering a 1-year warranty on all merchandise sold. Warranty expenses for 2023 were $48,000, of which $36,000 was actual repairs for 2023 and the remaining $12,000 was estimated repairs to be completed in 2024. Meal and entertainment expenses totalled $20,000 in 2023, only half of which were deductible for income tax purposes. Depreciation expense for 2023 was $230,000. Capital Cost Allowance (CCA) claimed for the year was $252,000. Kingbird was subject to a 20% income tax rate for 2023. Kingbird follows IFRS. Your answer is correct. Calculate the amount of any permanent differences for 2023. Permanent differences $ 85000 Calculate the amount of any temporary differences for 2023. Temporary differences 52000 i Calculate the amount of any deferred tax asset and/or liability for 2023. Deferred tax liability 12800 Deferred tax asset 2400 Net deferred tax liability 10400