Question: CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION CRACK Exercise 19-08 (Part Level Submission) Ayayai Company has the following two temporary differences between its income
CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION CRACK Exercise 19-08 (Part Level Submission) Ayayai Company has the following two temporary differences between its income tax expense and income taxes payable. 2020 2021 2022 Pretax financial income $864,000 $917,000 $909,000 Excess depreciation expense on tax return (30,400 (38,500) (9,800) Excess warranty expense in financial income 19,400 10,100 8,300 Taxable income $853,000 $888,600 $907,500 The income tax rate for all years is 20%. (a) Assuming there were no temporary differences prior to 2020, prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020, 2021, and 2022. (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.)
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