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For the year ended December $31,2023,$ Concord Ltd$.$ reported income before income taxes of $$188,500.$ Prior to $2023$ taxable income and accounting income was the same each year.

In $2023,$ Concord Ltd$.$ paid $$113,700$ for advertising; of this amount, $$37,900$ was expensed in $2023.$ The remaining $$75,800$ was treated as a prepaid expense for accounting purposes and would be expensed equally over the $2024-2025$ period. The full $$113,700$ was deductible for tax purposes in $2023.$

The company paid $$32,100$ in $2023$ for membership in a local golf club $($which was not deductible for tax purposes$).$

In $2023$ Concord Ltd$.$ began offering a $1-$year warranty on all merchandise sold. Warranty expenses for $2023$ were $$25,900,$ of which $$20,800$ was actual repairs for $2023$ and the remaining $$5,100$ was estimated repairs to be completed in $2024.$

Meal and entertainment expenses totalled $$43,200$ in $2023,$ only half of which were deductible for income tax purposes.

Depreciation expense for $2023$ was $$100,600.$ Capital Cost Allowance $($CCA$)$ claimed for the year was $$131,100.$ Depreciation and CCA relate to an asset that was purchased on January $1,2023$ for $$503,000.$

Concord was subject to a $25\%$ income tax rate for $2023.$ Concord follows IFRS.

$($a$)$

Your answer is correct.

Calculate the amount of any permanent differences for $2023.$

Permanent differences $

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$($b$)$

Calculate the amount of any temporary differences for $2023.$

Temporary differences $

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