the records for Bosch Co$.$ show this data for $2025$: Gross profit on installment sales recorded on the books was $$480,000.$ Gross profit from collections of installment receivables was $$320,000.$ Life insurance premiums for policies covering company officers were $$3,800.$ Machinery was acquired in January for $$300,000.$ Straight$-$line depreciation over a ten$-$year life $($no salvage value$)$ is used. For tax purposes, MACRS depreciation is used, and Bosch can deduct $14\%$ for $2025.$ Interest received on tax$-$exempt lowa State bonds was $$9,000.$ The estimated warranty liability related to $2025$ sales was $$21,600.$ Repair costs under warranties during $2025$ were $$13,600.$ The remainder will be incurred in $2026.$ Pretax financial income is $$700,000.$ The tax rate is $20\%.$ Instructions $($a$)$ Prepare a schedule starting with pretax financial income and compute taxable income. $($b$)$ Prepare the journal entry to record income taxes for $2025.$ Pretax Financial Income Taxable Income Date Description PR DR CR