Hondell Industries offers a three- year basic warranty on all its products. At the beginning of the current year, the estimated warranty liability had a ­balance of $ 110,000. Actual repairs cost $ 35,000 and the company accrued an additional $ 60,000 for the current year. Hondell reported $ 380,000 in total sales this year for both GAAP and tax purposes. The company reported $ 90,000 in other operating expenses for both GAAP and tax purposes. Assuming a 40% tax rate, determine the balance of the deferred tax account, the amount of income tax expense, and the income tax payable. .