For the year ended December 31, 2023, Kingbird Ltd. reported income before income taxes of $195,000. Prior to 2023 taxable income and accounting income was the same each year. In 2023, Kingbird Ltd. paid $113,100 for advertising; of this amount, $37,700 was expensed in 2023. The remaining $75,400 was treated as a prepaid expense for accounting purposes and would be expensed equally over the 2024-2025 period. The full $113,100 was deductible for tax purposes in 2023. The company paid $29,100 in 2023 for membership in a local golf club (which was not deductible for tax purposes). In 2023 Kingbird Ltd. began offering a 1-year warranty on all merchandise sold. Warranty expenses for 2023 were $26,000, of which $20,900 was actual repairs for 2023 and the remaining $5,100 was estimated repairs to be completed in 2024. Meal and entertainment expenses totalled $40,000 in 2023, only half of which were deductible for income tax purposes. Depreciation expense for 2023 was $103,700. Capital Cost Allowance (CCA) claimed for the year was $134,000. Depreciation and CCA relate to an asset that was purchased on January 1, 2023 for $518,500. Kingbird was subject to a 25% income tax rate for 2023. Kingbird follows IFRS. (a) * Your answer is incorrect. Calculate the amount of any permanent differences for 2023. Permanent differences $ 31650 Calculate the amount of any temporary differences for 2023. Temporary differences $ Calculate taxable income and the amount of current income taxes expense for 2023. Taxable income $ Income taxes payable $ cord current income taxes for 2023. (Credit account titles are automatically indented when the amount is entered. Do not i anually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit Account Titles and Explanation Debit Credit Current Tax Expense Income Tax Payable Calculate the amount of any deferred tax asset and/or liability for 2023. Net deferred tax liability $