Vaughn Company has the following two temporary differences between its income tax expense and income taxes payable. 2020 2021 2022 Pretax financial income $877,000 $932,000 $912,000 Excess depreciation expense on tax return (29,500 ) (39,400 ) (9,800 ) Excess warranty expense in financial income 19,800 10,400 7,600 Taxable income $867,300 $903,000 $909,800 The income tax rate for all years is 20%. Prepare the journal entries to record income tax expense, deferred income taxes, and income taxes payable for 2020 and 2021. Assume taxable income was $951,000 in 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation 2020 Income Tax Expense Deferred Tax Asset Income Tax Payable Deferred Tax Liability 2021 Income Tax Expense Deferred Tax Liability Income Tax Payable Deferred Tax Asset Debit 364600 13300 295750 9975 Credit 338000 39900 295750 6650