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Current Attempt in Progress At the end of 2019 , Ayayai Company has $174,800 of cumulative temporary differences that will result in reporting the following

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Current Attempt in Progress At the end of 2019 , Ayayai Company has $174,800 of cumulative temporary differences that will result in reporting the following future taxable amounts. Tax rates enacted as of the beginning of 2018 are: 2018and20192020and20212022andlater40%30%25% Ayayai's taxable income for 2019 is $310,600. Taxable income is expected in all future years. (a) Prepare the journal entry for Ayayai to record income taxes payable, deferred income taxes, and income tax expense for 2019. assuming that there were no deferred taxes at the end of 2018. (Credit account titles are automatically indented when 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.) enter 0 for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media

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