I need help with problems #3 and #4.

Reference information: Intermediate Accounting Tenth Edition, McGraw Hill

El: " I) 'E eztomheducationcom (3| @ w + 33 Topic: Wk 9 - C... G cost allocation b... '3 Cost allocation... '5' Cost allocation... 9 The Three Purp... c IT Cost Allocatio... . Reasons to Allo... _ Google Hulu HBOMax VouTube Netflix )(finitystream Amazon Tickets Grammarly Sharepoint Outlook Canvas MeGraw s Fangs Old Skool... Complete Comprehensive Problems 0 Saved Help Save & Exit Submit 3 TB Problem 16-142 (Algo) 14.28 The information below pertains to Mondavi Corporation: points (a.) For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the eBook following: Print Future Taxable or Carrying (Deductible) References Amount Tax Basis Amount Buildings and equipment $61, 000,000 $45,900,000 $ 15, 100,000 Prepaid insurance 1,100,000 0 1,100,000 Liability-loss contingency 10, 190' \"0 0 (10. 100: 000) (b.) No temporary differences existed at the beginning of the year. (c.) Pretax accounting income was $310,000,000 and taxable income was $121,000,000 for the year and the tax rate is 30%. Permanent differences are the cause of any difference between pretax accounting income and taxable income that are not due to temporary differences. Required: Prepare the journal entry to record the tax provision for the current year. (If no entry is required for a transaction/event, select "No journal entry required\" in the first account field.) View transaction list View journal entry worksheet 1 1 Income tax expense % El: " I) ' E E ezto.mheducation.com C, I @ w + 33 Topic: Wk 9 - C... G cost allocation b... '3 Cost allocation... '5' Cost allocation... 9 The Three Purp... c IT Cost Allocatio... . Reasons to Allo... _ Google Hulu HBOMax VouTube Netflix )(finitystream Amazon Tickets Grammarly Sharepoint Outlook Canvas McGraw s Fangs Old Skool... Complete Comprehensive Problems 0 Saved Help Save & Exit Submit (a) For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the following: 14.428 Future Taxable or points Carrying (Deductible) Amount Tax Basis Amount \"\"3\"?"95 and $61,000,000 $45,900,000 15 15,100,000 eBook qulpinent Prepaid insurance 1,100,000 0 1,100,000 . Liabilityloss Print contingency 10, 100, 000 0 (10, 100, 000) References (b.) No temporary differences existed at the beginning of the year. (c.) Pretax accounting income was $310,000,000 and taxable income was $121,000,000 for the year and the tax rate is 30% Permanent differences are the cause of any difference between pretax accounting income and taxable income that are not due to temporary differences. Required: Prepare the journal entry to record the tax provision for the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account eld.) View transaction list View journal entry worksheet /' 1 1 Income tax expense Deferred tax asset Deferred tax liability Income tax payable % Complete Comprehensive Problems i Saved Help Save & Exit Submit Check my work 4 TB Problem 17-198 (Algo) 14.28 Oberon Company provides postretirement health care benefits to employees who provide at least 10 years of service and reach the points age of 65 while in service. On January 1 of the current year, the following plan-related data were available. eBook Net loss-postretirement benefit plan $ 10, 480, 000 APBO balance $103, 400, 000 Print Fair value of plan assets none Average remaining service period to retirement 20 years References Average remaining service period to full eligibility 15 years On January 1 of the current year, Oberon amended the plan to provide dental benefits. The actuary determines that the cost of making the amendment increases the APBO by $9,150,000. Management chooses to amortize this amount on a straight-line basis. The service cost is $54,000,000. The appropriate interest rate is 10%. Required: Calculate the postretirement benefit expense for the current year. (Round your answers to the nearest thousands of dollars.) ($ in thousands) Return on plan assets Postretirement benefit expense $ 0