Exercise 19-8 Cheyenne Company has the following two temporary differences between its income tax expense and income taxes payable. Pretax financial income Excess depreciation expense on tax return Excess warranty expense in financial income Taxable income 2017 $823,000 (29,700) 20,200 $813,500 2018 $884,000 (38,800) 10,300 $855,500 2019 $993,000 (9,500) 8,000 $991,500 The income tax rate for all years is 40%. Your answer is partially correct. Try again. Prepare the income tax expense section of the income statement for 2019, beginning with the line "Pretax financial income." (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Cheyenne Company Income Statement (Partial) For the Year Ended December 31, 2019 T Pretax Financial Income 993000 Income Tax Expense T Current T 396600 I Deferred T (600) 396,000 Net Income / (Loss) 597,000 Click if you would like to Show Work for this question: Open Show Work