the whited out information is not important. what data cant you see?

Stanley Corporation had Pretax GAAP income of $80,000 for the year-ended December 31, 20x1.This amdunt included municipal bond interest of $3,000, premiums for life insurance on key personnel of $2,000, and non-deductible fines of $1.000 The company depreciates it assets as follows for GAAP and Tax purposes GAAP Tax 20x1 $8,000 $14,000 20X2 8,000 11,000 20x3 8,000 20X5 2,000 9,000 20X4 8,000 4,000 8,000 Stanley warrants the products it sells and accrued expense of $30,000 for sales made in 20X1. Actual expenditures totaled $6,000. Expected expenditures for warranty repairs in 20x2 and 20x3 are $10,000 and $14,000 respectively, Stanley rents part of its office building to another company. It received $24,000 on January 1, 20x1 for two years of rent (20x1 and 20x2) Enacted tax rates are as follows: 30% in 20X1 and 20x2,25% in 20x3 and beyond. On January 1, 20x1, Stanley had a Deferred Tax Liability of $4,000 and a Deferred Tax Asset of $8,000 Stanley had a Deferred Tax Asset - NOL of $600,000 on January 20X1 and its management wishes to use it as soon as possible Required: Prepare Step 1 and Step 2 for 20X1 and related journal entries. Enter your journal entries here submit your Step 1 and Step 2 schedules via Your journal entries must tie to your schedules in Forma Tools Table Stanley Corporation had Pretax GAAP income of $80,000 for the year-ended December 31, 20x1.This amdunt included municipal bond interest of $3,000, premiums for life insurance on key personnel of $2,000, and non-deductible fines of $1.000 The company depreciates it assets as follows for GAAP and Tax purposes GAAP Tax 20x1 $8,000 $14,000 20X2 8,000 11,000 20x3 8,000 20X5 2,000 9,000 20X4 8,000 4,000 8,000 Stanley warrants the products it sells and accrued expense of $30,000 for sales made in 20X1. Actual expenditures totaled $6,000. Expected expenditures for warranty repairs in 20x2 and 20x3 are $10,000 and $14,000 respectively, Stanley rents part of its office building to another company. It received $24,000 on January 1, 20x1 for two years of rent (20x1 and 20x2) Enacted tax rates are as follows: 30% in 20X1 and 20x2,25% in 20x3 and beyond. On January 1, 20x1, Stanley had a Deferred Tax Liability of $4,000 and a Deferred Tax Asset of $8,000 Stanley had a Deferred Tax Asset - NOL of $600,000 on January 20X1 and its management wishes to use it as soon as possible Required: Prepare Step 1 and Step 2 for 20X1 and related journal entries. Enter your journal entries here submit your Step 1 and Step 2 schedules via Your journal entries must tie to your schedules in Forma Tools Table