Question $1$: CH $18(1$ mark$)$ The records for Kalman Ltd$.$ show the following data for calendar $2023$: $1.$ Gross profit on instalment sales recorded on the books was $\backslash (\backslash$$ $100,000\backslash ).$ Gross profit from collections of instalment receivables was $\backslash (\backslash$$ $50,000\backslash ).2.$ Golf club dues were $\backslash (\backslash$$ $3,800\backslash ).3.$ Machinery was acquired in January $2023$ for $\backslash (\backslash$$ $300,000\backslash ).$ Kalman uses straight$-$line depreciation over a ten$-$year life $($no residual value$).$ For tax purposes, Kalman uses CCA at $14\backslash \%$ for $2023$ after considering the half$-$year rule. $4.$ Dividends received from a Canadian corporation were $\backslash (\backslash$$ $4,000\backslash ).5.$ The estimated warranty liability related to $2023$ sales was $\backslash (\backslash$$ $19,600\backslash ).$ Warranty repair costs paid during $2023$ were $\backslash (\backslash$$ $13,600\backslash ).$ The remainder will be paid in $2024.6.$ Pre$-$tax accounting income is $\backslash (\backslash$$ $250,000\backslash ).$ The enacted income tax rate is $\backslash (25\backslash \%\backslash ).$ Instructions a$)$ Prepare a schedule $($starting with pre$-$tax accounting income$)$ to calculate taxable income. b$)$ Prepare the required adjusting entries to record income taxes for $2023.$