The following data represent the differences between accounting and tax income for Seafood imports inc., whose pre-tax accounting income is $685,000 for the year ended December 31. The company's income tax rate is 45%. Additional information relevant to income taxes includes the following.

a. capital cost allowance of $270,000 exceeded accounting depreciation expense of $155.000 in the current year.

b. Rents of $27,000, applicable to next year, had been collected in December and deferred for financial statement purposes but are taxable in the year received

c. In a previous year, the company established a provision for product warranty expense. A summary of the current year's transactions appears below:

ii. Warranty Expense for the year 42,500

iii. Payments made to fulfill product warranties 35,000

d. Insurance expense to cover the company's executive officers was $7,100 for the year.

Required:

Prepare the journal entries to record income taxes for Seafood imports.