The information that follows pertains to Esther Food Products: a. At December 31, 2024, temporary differences were associated with the following future taxable (deductible) amounts:

b. No temporary differences existed at the beginning of 2024.
c. Pretax accounting income was $80,000 and taxable income was $15,000 for the year ended December 31, 2024.
d. The tax rate is 25%.

Required:
Determine the amounts necessary to record income taxes for 2024, and prepare the appropriate journal entry.

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Depreciation Prepaid expenses Warranty expenses $60,000 17,000 (12,000)