Hi, I need help with this question

Doughman Co, during its first year of operations in 2013, reported taxable income of $80,000 and pretax financial income of $100,000.The difference between taxable income and pretax financial income was caused by two timing differences: excess depreciation on tax return; and warranty expenses in excess of warranty payments, $40,000.These two timing differences will reverse in the next three years as follows:

Yr Depreciation Warranty Expense

2014 10,000 20,000

2015 20,000 16,000

2016 30,000 4,000

Enacted tax rates are 30% for 2013 and 2014, 35% for 2015, and 40% for 2016.

Required:

Prepare the income tax journal entry for Doughman Co for December 31, 2013.