Question: Carla Company has the following two temporary differences between its income tax expense and income taxes payable. 2020 2021 2022 Pretax financial income $873,000 $866,000

 Carla Company has the following two temporary differences between its incometax expense and income taxes payable. 2020 2021 2022 Pretax financial income$873,000 $866,000 $947,000 Excess depreciation expense on tax return (29,400) (39.000) (9,600)

Carla Company has the following two temporary differences between its income tax expense and income taxes payable. 2020 2021 2022 Pretax financial income $873,000 $866,000 $947,000 Excess depreciation expense on tax return (29,400) (39.000) (9,600) Excess warranty expense in financial income 20.000 9,900 8.300 Taxable income $863,600 $836,900 $945,700 The income tax rate for all years is 20%. 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.) Account Titles and Explanation Debit Credit 2020 Income Tax Expense Deferred Tax Asset Income Tax Payable Deferred Tax Liability 2021 Income Tax Expense Deferred Tax Asset Income Tax Payable Deferred Tax Liability 2022 Income Tax Expense Deferred Tax Asset Income Tax Payable Deferred Tax Liability e Textbook and Media List of Accounts Indicate how deferred taxes will be reported on the 2022 balance sheet. Carla's product warranty is for 12 months. Carla Company Balance Sheet (Partial) December 31, 2022 Current Assets Deferred Tax Asset $ eTextbook and Media List of Accounts Prepare the income tax expense section of the income statement for 2022, beginning with the line "Pretax financial income." (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Carla Company Income Statement (Partial) For the Year Ended December 31, 2022 Pretax Financial Income >

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