please help solve the red (incorrect) boxes

CES Question 10 The accounting records of Vaughn Inc. show the following data for 2017 (its first year of operations). 1. LUfe insurance expense on officers was $8,300. 2. Equipment was acquired in early January for $296,000. Straight-line depreciation over a S-year life is used, with no salvage value. For tax purposes, Vaughn used a 30% rate to calculate depreciation. 3. Interest revenue on State of New York bonds totaled $3,900 4. Product warranties were estimated to be $50,700 in 2017. Actual repair and labor costs related to the warranties in 2017 were $9,700. The remainder is estimated to be paid evenly in 2018 and 2019. 5. Gross profit on an accrual basis was $92,000. For tax purposes, $79,900 was recorded on the installment-sales method 6. Fines incurred for pollution violations were $4,500. 7, Pretax financial income was $711,100. The tax rate is 30%. Your answer is correct. are a schedule starting with pretax financial income in 2017 and ending with taxable income in 2017. (Enter negative amounts using either a negative sign e.g. (45).) and Taxable Income for 2017 711100 (3900) 6 2 8 0 2 and Taxable Income for 2017 (12100 0. LINK TO TEXT LINK T Your answer is partially correct. Try again taxes. (Credit account titles are automatically indented Prepare the journal entry for 2017 to record income taxes payable, income tax expense, and deferred income when amount it entered. De net indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Credit Titles and E 216000 Deferred Tax Liability 12510 Question Attempts: Unlimited SAVE FOR LATER 8 5 9 0