5. Use the following table to prepare the necessary journal entries for income tax expense, taxable payable, and deferred income taxes payable. income Pre-tax St. line depreciation Tax depreciation 2019 200 200 40 40 120 2020 2021 total 200 600 40 120 I Temporary (80) 40 40 0 difference Taxable 120 240 240 600 income TAX RATE 1.25 25 25 25 Journal entries here. 2019 2020 2021