5 - Income Tax (9 points) Hunt Co. at the end of 2021, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income Estimated warranty expenses deductible for taxes when paid Extra depreciation Taxable income $ 950,000 1,200,000 (1,950.000) $ 200,000 Estimated warranty expense of $800,000 will be deductible in 2022, $300,000 in 2023, and $100,000 in 2024. The use of the depreciable assets will result in taxable amounts of $650,000 in each of the next three years. Instructions (a) Prepare a table of future taxable and deductible amounts. (b) Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2021, assuming an income tax rate of 20% for all years