I need help checking my work. Am I following it correctly or did I make mistakes? Thank you for your help

Problem:

The ET Mag Company of Benicia California has pretax financial income (Income Before Tax) at the end of December 2020 of $327,000.

There are 3 differences between the pretax financial statement and the tax return income as shown below:

3 items were different on the Financial Statement compared to Tax Return

Financial Statement Tax Return

a. Depreciation "S/L" $21,000 $42,000 "accelerated"

b. Percentage of Completion Profit $60,000 -0- completed contract

c. "Unearned" Revenue of $20,000 $ 5,000 earned this year

Required:

1. Prepare a handy schedule that shows the reconciliation between "F/S" and "T/R".

2. Complete the schedule to reflect:

a. Income Tax Expense

b. Income Tax Payable

c. Deferred Income Taxes

3. Prepare the December 31, 2020 year end adjusting entry to record income tax expense, income tax payable and any deferred income taxes.

Note: Tax Rate is 30%

Answer I got:

Financial statement

Income before tax: $327,000 x 30% (0.30) = $98,100 Income Tax Expense

Adjustments to arrive at T/R:

Depreciation S/L vs Accel. ($21,000) x 30% (.30) = ($6,300) Deferred Tax Liability

Percentage Completion vs

Completed contract ($35,000) x 30% (.30) = ($10,500) Deferred Tax Liability

Unearned revenue vs

Revenue earned $30,000 x 30% (.30) = $9,000 Deferred Tax Liability

Tax Return $301,000 x 30%(.30) = $90,300 Income tax payable

Journal entries end of Dec 2020

Date	Accounts	Dr	Cr
Dec 31st	Income tax expense	$98,100
	Deferred tax Asset	$9,000
	Deferred tax liability		$16,800
	Income tax payable		$90,300