Exercise 19-1 Monty Corporation has one temporary difference at the end of 2017 that will reverse and cause taxable amounts of $50,400 in 2018, $55,900 in 2019, and $61,100 in 2020, Monty's pretax financial income for 2017 is $311,400, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2017 Compute taxable income and income taxes payable for 2017 Texable income Income taxes payable LINK TO TEXT Prepare the journal entryto rcord income tax expense, deferred income taxes, and income taxes payable for 2017. (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 o for the amounts.) Account Titles and Explanation Debit Credit Prepare the income tax expense section of the income statement for 2017, beginning with the line Income before income taxes. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45 Monty Corporation Income Statement (Partial)