Bestbreath Company included in 2020 a deferred income on installment sale of P500,000 in accounting income. This deferred income is expected to reverse for tax purposes in 2021. Assume tax rate of 35%. The income statement and tax return showed the following: Accounting income Taxable income 2020 P6,500,000 2021 P8,000,000 6,000,000 8,500,000 Instructions: 1. Prepare the entry to record the current tax expense for 2020 and 2021 2. Prepare the entry to record the deferred tax liability for 2020 and 2021 3. Present the income tax expense in income statement for 2020 and 2021