Blossom Company has the following two temporary differences between its income tax expense and income taxes payable.

The income tax rate for all years is $\backslash (20\backslash \%\backslash ).$

$($a$)$

Your answer is correct.

Assuming there were no temporary differences prior to $2025,$ prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for $2025,2026,$ and $2027.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.$)$

$($b$)$

Indicate how deferred taxes will be reported on the $2027$ balance sheet. Blossom's product warranty is for $12$ months.