Chapman Inc. started operations on January 1, 2020, and purchased $2,000,000 of equipment. The income tax rate for the company was 40% in 2020 and 38% in 2021. The following information is available for 2020 and 2021:

2020 2021

Accounting earnings before income tax	$550,000	$820,000
Included in accounting earnings before income tax:
Golf club dues	10,000	12,000
Dividends from Canadian corporation	6,000	4,000
Meals and entertainment	16,000	18,000
Depreciation expense	200,000	200,000
Warranty expense	50,000	120,000
Deductions available for taxes
CCA	300,000	250,000
Warranty costs incurred	40,000	90,000

Required:

Calculate the current portion of income tax expense and any deferred income taxes for 2020 and 2021. Prepare the journal entries required. Show all calculations.