P$18\mathrm{.}4$B $($LO $1,2,4)($Permanent and Temporary Differences, One Rate$)$ The accounting records of Pinecone Inc. show the following data for $2025$:

$1.$ Life insurance expense on officers was $\backslash (\backslash$$ $7,000\backslash ).$

$2.$ Equipment was acquired in early January for $\backslash (\backslash$$ $450,000\backslash ).$ Straight$-$line depreciation over a $6-$year life is used, with no salvage value. For tax purposes, Pinecone used a $\backslash (30\backslash \%\backslash )$ rate to calculate depreciation.

$3.$ Interest revenue on municipal bonds totaled $\backslash (\backslash$$ $3,600\backslash ).$

$4.$ Product warranties were estimated to be $\backslash (\backslash$$ $90,000\backslash )$ in $2025.$ Actual repair and labor costs related to the warranties in $2025$ were $\backslash (\backslash$$ $24,000\backslash ).$ The remainder is estimated to be paid evenly in $2026$ and $2027.$

$5.$ Sales on an accrual basis were $\backslash (\backslash$$ $500,000\backslash ).$ For tax purposes, $\backslash (\backslash$$ $400,000\backslash )$ was recorded on the install$-$ment$-$sales method.

$6.$ Fines incurred for securities violations were $\backslash (\backslash$$ $10,600\backslash ).$

$7.$ Pretax financial income was $\backslash (\backslash$$ $460,000\backslash ).$ The tax rate is $\backslash (30\backslash \%\backslash ).$

Instructions

a$.$ Prepare a schedule starting with pretax financial income in $2025$ and ending with taxable income in $2025.$

b$.$ Prepare the journal entry for $2030$ to record income taxes payable, income tax expense, and deferred income taxes.