Please answer according to my provided data

A$16-19$ Tax Calculations; Enacted Tax Rate Change $($LO $16-2,16-3)$

In its first year of operations, Martha Enterprises Corp. reported the following information:

a$.$ Income before income taxes was $$620,000.$

b$.$ The company acquired capital assets costing $$2,200,000$; depreciation was $$148,000,$ and CCA was $$110,000.$

c$.$ The company recorded an expense of $$145,000$ for the one$-$year warranty on the company's products; cash disbursements

amounted to $$77,000.$

d$.$ The company incurred development costs of $$75,000$ that met the criteria for capitalization for accounting purposes. Development

work was still ongoing at year$-$end. These costs could be immediately deducted for tax purposes.

e$.$ The company made a political contribution of $$28,000$ and expensed this for accounting purposes.

f$.$ The income tax rate was $28\%$ and the year $2$ tax rate was enacted, at $30\%.$

In the second year, the company reported the following:

a$.$ Earnings before income tax were $$1,680,000.$

b$.$ Depreciation was $$148,000$; CCA was $$340,000.$

c$.$ The estimated warranty costs were $$240,000,$ while the cash expenditure was $$285,000.$

d$.$ Additional development costs of $$190,000$ were incurred to complete the project. For accounting purposes, amortization of $$46,000$

was recorded.

e$.$ Golf club memberships for top executives cost $$33,000$; this was expensed for accounting purposes as a marketing expense.

Required:

Prepare the journal entries to record income tax expense for the first and second years of operation. $($If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

A$16-19$ Tax Calculations; Enacted Tax Rate Change $($LO $16-2,16-3)$

In its first year of operations, Martha Enterprises Corp. reported the following information:

a$.$ Income before income taxes was $$620,000.$

b$.$ The company acquired capital assets costing $$2,200,000$; depreciation was $$148,000,$ and CCA was $$110,000.$

c$.$ The company recorded an expense of $$145,000$ for the one$-$year warranty on the company's products; cash disbursements

amounted to $$77,000.$

d$.$ The company incurred development costs of $$75,000$ that met the criteria for capitalization for accounting purposes. Development

work was still ongoing at year$-$end. These costs could be immediately deducted for tax purposes.

e$.$ The company made a political contribution of $$28,000$ and expensed this for accounting purposes.

f$.$ The income tax rate was $28\%$ and the year $2$ tax rate was enacted, at $30\%.$

In the second year, the company reported the following:

a$.$ Earnings before income tax were $$1,680,000.$

b$.$ Depreciation was $$148,000$; CCA was $$340,000.$

c$.$ The estimated warranty costs were $$240,000,$ while the cash expenditure was $$285,000.$

d$.$ Additional development costs of $$190,000$ were incurred to complete the project. For accounting purposes, amortization of $$46,000$

was recorded.

e$.$ Golf club memberships for top executives cost $$33,000$; this was expensed for accounting purposes as a marketing expense.

Required:

Prepare the journal entries to record income tax expense for the first and second years of operation. $($If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$