Question: Exercise 16-21 (Algo) Multiple temporary differences; record income taxes [LO16-2, 16-3] The information that follows pertains to Esther Food Products: a. At December 31, 2021,
Exercise 16-21 (Algo) Multiple temporary differences; record income taxes [LO16-2, 16-3] The information that follows pertains to Esther Food Products: a. At December 31, 2021, temporary differences were associated with the foliowing future taxablo (deductible) amounts: b. No temporary differences existed at the beginning of 2021. c. Pretax accounting income was $106,000 and taxable income was $24,000 for the year ended December 31,202t d. The tax rate is 25%. Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2021. Required: Complete this question by entering your answers in the tabs below
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