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corporatio ltd pr tax accounting income in 2006 was ksh20million and taxable income of ksh26million for the year ended 31st december 2003.the tax rate is

corporatio ltd pr tax accounting income in 2006 was ksh20million and taxable income of ksh26million for the year ended 31st december 2003.the tax rate is 30%.the only differnce between accounting income and taxable inccome is estimated product warranty cost.expected payments and scheduled tax rates (based on current tax legislation)are as follws;2007 ksh2million,2008 ksh1.5 million,2009 ksh 1.25 million,2010 ksh 2.75 million.his pre tax financial incomefor other years was14million,16million,12 million and 20 million respectively.determine the amounts necessry to record income txex fir five years and prepare the appropriate journal entries and deferred tax account.

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