Profit for 2020: 5.500.000 TRY Non-deductible expenses: 400.000 TRY Previous year losses: 100.000 TRY for 2014, 300.000

[answerhappygod]

Profit for 2020: 5.500.000 TRY
Non-deductible expenses: 400.000 TRY
Previous year losses: 100.000 TRY for 2014, 300.000 TRY for 2016
Domestic Participation Exemption: 350.000 TRY
French Permanent Establishment Income: 300.000 TRY (The income is transferred to Turkey)
Russian Construction Permanent Establishment Income 450.000 TRY (The income is not transferred to Turkey)
Donations to X Foundation that works for public interest: 55.000 TRY
The prepaid tax: 205.000 TRY
The withholding tax paid 330.000 TRY
Corporate income tax rate is %22.
Required: a) Calculate corporate income tax payable for 2020. (10 points)
b) Make the journal entries on 25 and 30 April 2021. (5 points)