Blossom Corp. had a Deferred Tax Asset account with a balance of $$83,700$ at the end of $2022$ due to a single temporary

difference of $$279,000$ related to warranty liability accruals. At the end of $2023,$ this same temporary difference has increased to

$$309,500.$ Taxable income for $2023$ is $$919,000.$ The tax rate is $30\%$ for all years.

$($a$)$

Calculate and record income taxes for $2023,$ assuming that it is more likely than not that the deferred tax asset will be

realized. $($List all debit entries before credit entries. Credit account titles are automatically indented when the

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.$)$

Income tax payable

$

Year Account Titles and Explanation

Debit

Credit

$2023$

$($To record current tax expense$)$

$2023$

$($To record deferred tax benefit$)$