Brief Exercise 16-11 (Algo) Multiple tax rates [LO16-6] J.Matt, Inc., had pretax accounting income of $327,000 and taxable income of $368,000 in 2021. The only dirference between accounting and taxable income is estimated product warranty costs of $41,000 for sales in 2021. Warranty peymerts se expected to be in equal amounts over the next three years (20222024) and will be tax deductible at that time. Recent tax iegislation will change the tax rate from the current 25% to 20% in 2023. Determine the amounts necessary to record J-Matt's income taxes for 2021 and prepare the appropriate journal entry. Complete this question by entering your answers in the tabs below. Determine the amounts necessary to record J-Matt's income taxes for 2021