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At the end of 2019 . Tamarisk Company has $179.200 of cumulative temporary ditferences that will result in reporting the following future taxable amounts. Tax

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At the end of 2019 . Tamarisk Company has $179.200 of cumulative temporary ditferences that will result in reporting the following future taxable amounts. Tax rates enacted as of the beginning of 2018 are: \begin{tabular}{|c|c|} \hline 2018 and 2019 & 40 \\ \hline 2020 and 2021 & 30 \\ \hline 2.022 and late & 25 \\ \hline \end{tabular} Tamarisk s taxable incorne for 2019 is $328,900. Taxable income is expected in all future yoars. (0) Prepare the fournal entry for Tamarisk to record income taxes payable, deferred income tases, and income tax expensefor 2019. (a) Prepare the joumal entry for Tamarisk to record income taxes payable, deferred income taxes, and income tax expense for 2019. Do not indent manually if no entry is required, select "No Entry" for the occount titles and enter O for the ampunts) (b) Prepare the journal entry for Tamarisk to record income taxes payable, deferred income taxes, and income taxcerpense for 2019. assuming that there was a balance of $21,500 in a Deferred Tax tiability account at the end of 2018. (Credit occount tirfer are enter 0 for the omounts

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