At the end of 2016, Martinez Company has $182,000 of cumulative temporary differences that will result in reporting the following future taxable amounts. 2017 $60,200 2018 51,500 2019 40,900 2020 29,400 $182,000 Tax rates enacted as of the beginning of 2015 are: 2015 and 2016 40 % 2017 and 2018 30 % 2019 and later 25 % Martinezs taxable income for 2016 is $306,200. Taxable income is expected in all future years.

A.) Prepare the journal entry for Martinez to record income taxes payable, deferred income taxes, and income tax expense for 2016, assuming that there were no deferred taxes at the end of 2015.

B.) Prepare the journal entry for Martinez to record income taxes payable, deferred income taxes, and income tax expense for 2016, assuming that there was a balance of $22,200 in a Deferred Tax Liability account at the end of 2015.