CALCULATOR | FULL SCREEN PRINT VERSO" At the end of 2016, Shefficld Company has $175,600 of cumulative temporary differences that will result in reporting the following future taxaule amounts 2017 2018 2019 2020 $57,600 47,600 41,300 29,100 $175,600 Tax rates enacted as of the beginning of 2015 are: 2015 and 2016 2017 and 2018 2019 and later 40% 30% 25 % Sheffield's taxable income for 2016 is $334,500. Taxable income is expected in all future years. d income taxes payable, deferred income taxes, and income tax expense for 2016, assuming that there were no d are automatically indented when amount is entered. Do not indent manually, If no entry is required, select taxes at the end of 2015. (Credit account titles Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit ena.Inc All Rights Reserved. A Division of la o search