E$18\mathrm{.}15($LO $1,2)($Two Temporary Differences, Tracked through $3$ Years, Multiple Rates$)$ Taxable income and pretax financial income would be identical for Huber Co$.$ except for its treatments of gross profit on installment sales and estimated costs of warranties. The following income computations have been prepared.

The tax rates in effect are $2024,20\backslash \%$; $2025$ and $2026,\backslash (25\backslash \%\backslash ).$ All tax rates were enacted into law on January $1,2024.$ No deferred income taxes existed at the beginning of $2024.$ Taxable income is expected in all future years.

Instructions

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for $2024,2025,$ and $2026.$