At the end of 2016, Sage Company has $180,300 of cumulative temporary differences that will result in reporting the following future taxable amounts 2017 2018 2019 2020 $60,400 52,200 38,700 29,000 $180,300 Tax rates enacted as of the beginning of 2015 are: 2015 and 2016 2017 and 2018 2019 and later 40% 30 % 25% Sage's taxable income for 2016 is $321,800. Taxable income is expected in all future years (a) Prepare the journal entry for Sage 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. (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 Explanation Debit Credit ( $23,100 in a Tax Liability account at the end of 2015. (Credit account titles are automatically indented when amount is D