Question: i need help on this problem Gordon Company has two temporary differences between its pretax financial income and taxable income. The information is shown below.

i need help on this problem

Gordon Company has two temporary differences between its pretax financial income and taxable income. The information is shown below.

201720182019

Pretax financial income$840,000$910,000$945,000

Excess depreciation expense on tax return( 30,000)(40,000)(20,000)

Excess warranty expense in financial income20,00010,0008,000

Taxable income$830,000$880,000$933,000

  1. Prepare journal entries for 2017, 20018, and 2019. Tax rate for all years is 40%.

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