19.2 please

th E-Donald E. Kieso.pdf Prepare the journal come tax expenses del nome lendingumas payable for 2020 an Open with ple income was $450.000 in 2021. d. Prepare the income tax expenses of the income statement for 2020, beginning with "Income before income taxes." P19.2 (LO 1, 2) (One Temporary Difference, Tracked for 4 Years, One Permanent Difference, Change in Rate) The pretax financial income of Truttman Company differs from its taxable income throughout each of 4 years as follows. Year 2020 2021 2022 2023 Pretax Financial Income $290,000 320,000 350,000 420,000 Taxable Income S180,000 225.000 260,000 560,000 Tax Rate 355 20 20 20 Problems 19-53 Pretax financial income for each year includes a nondeductible expense of $30,000 (never deductible for tax purposes). The remainder of the difference between pretax financial income and taxable income in each period is due to one depreciation temporary difference. No deferred income taxes existed at the beginning of 2020 Instructions Prepare journal entries to record income taxes in all 4 years. Assume that the change in the tax rate to 20% was not enacted until the beginning of 2021. b. Prepare the income statement for 2021, beginning with Income before income taxes. P19.3 (LO 1, 2, 4) (Second Year of Depreciation Difference, Two Differences, Single Rate, on ohtained for Gocker Carmination