At the end of $2024,$ Waterway Company has $$180,200$ of cumulative temporary differences that will result in reporting the following future taxable amounts$\mathrm{.}2025$$$58,600202652,000202739,100202830,500$$$180,200$Tax rates enacted as of the beginning of $2023$ are:$2023$ and $202440\%2025$ and $202630\%2027$ and later$25\%$Waterway's taxable income for $2024$ is $$321,800.$ Taxable income is expected in all future years.$($a$)$ Prepare the journal entry for Waterway to record income taxes payable, deferred income taxes, and income tax expense for $2024,$ assuming that there were no deferred taxes at the end of $2023.($List all debit entries before credit entries. 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 $0$ for the amounts.$)($b$)$ Prepare the journal entry for Waterway to record income taxes payable, deferred income taxes, and income tax expense for $2024,$ assuming that there was a balance of $$22,300$ in a Deferred Tax Liability account at the end of $2023.($List all debit entries before credit entries. 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 $0$ for the amounts.$)$Account Titles and ExplanationDebitCredit