the following data represent the difference between accounting and tax income for seafood import inc. whose pre tax accounting income is $685000 for the year ended dec 31, the company income tax rate is 45%. additional information relevant to income taxes include following:

a) capital cost allowance of 270000 exceed accounting depreciation expense of 155,000 in the current year

b. rent of 27000 applicable to next year had been collected in December and deferred for financial statement purposes but are taxable in the year received

c. in the previous year the company established a provision for product warranty expense. a summary of the current years transactions appears below:

* warranty exp for the year 42500

*payment to fulfill product warenty 35000

d. insurance expense to cover the company's executive officers was $7100 for the year

requirement:

journal entries to record income taxes for seafood imports