On December $31,2022,$ Oriole Inc. has taxable temporary differences of $$2\mathrm{.}24$ million and a deferred tax liability of $$627,200.$ These

temporary differences are due to Oriole having claimed CCA in excess of book depreciation in prior years. Oriole's year end is

December $31.$ At the end of December $2023,$ Oriole's substantively enacted tax rate for $2023$ and future years was changed to $30\%.$

For the year ended December $31,2023,$ Oriole's accounting loss before tax was $$496,000.$ The following data are also available:

Pension expense was $$86,400$ while pension plan contributions were $$110,100$ for the year. $($Only actual pension

contributions are deductible for tax.$)$

Business meals and entertainment were $$38,600.($They are one$-$half deductible for tax purposes.$)$

For the three years ended December $31,2022,$ Oriole had cumulative, total taxable income of $$122,700$ and total income

current tax expense$/$income tax payable of $$34,356.$

During $2023,$ the company booked estimated warranty costs of $$32,200,$ and these costs are not likely to be incurred until

In $2023,$ the company incurred $$144,000$ of development costs $($only $50\%$ of which are deductible for tax purposes$).$

Company management has determined that it is probable that only one half of any loss carryforward at the end of $2023$ will

be realized.

In $2023,$ the amount claimed for depreciation was equal to the amount claimed for CCA.

prepare journal entries.