can you complete this assignment and how much it will be?

Instructions
    Homework Part B Week 5 Exercises Table of Contents
    Worksheets:
    P1    Data and Instructions
    P1A    Answer Sheet
    P2    Data and Instructions
    P2A    Answer Sheet
    P3    Data and Instructions
    P3A    Answer Sheet
    Instructions:
    Complete problems P1, P2, and P3
    Place answers on answer sheet tabs (show work)
    Submit in Week 5 Homework before the due date
P1
    P1
    Carter Designs uses MACRS for income tax reporting and straight-line depreciation for financial statement reporting. Carter Designs balance sheet lists a building with a book value of $500,000. The building was purchased three years prior. The building has a tax basis of $350,000. Carter Designs has no other temporary or permanent differences. Other information: Taxable income $5 million; tax rate 30%. What is the amout of the 1) deferred tax asset or liability, if there is a deferred tax liability balance of $40,000 from the previous year? 2) Income Tax Payable and 3) Income Tax Expense
P1 Answer Sheet
    Carter Designs uses MACRS for income tax reporting and straight-line depreciation for financial statement reporting. Carter Designs balance sheet lists a building with a book value of $500,000. The building was purchased three years prior. The building has a tax basis...