Arbuckle Incorporated started operations on January 1, 2016 and purchased $1,000,000 of equipment. The income tax rate was 40% in both years. The following information related to 2017 and 2018:

Year	2017	2018
Accounting income before income tax	$275,000	$410,000
Golf club dues	5,000	6,000
Accrued warranty costs	25,000	60,000
Warranty costs paid	20,000	45,000
Depreciation expense on equipment	100,000	100,000
Capital cost allowance	150,000	125,000

a)Calculate taxable income and income tax payable for each year.

b)Prepare journal entries to record the taxes for each year.

Date	Account Titles	Debit	Credit