Exercise 19-2 The following information is available for Nash Corporation for 2016 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $40,800. This $40,800 difference will reverse equally over the years 20172020. 2. Deferral, for book purposes, of $21,400 of rent received in advance. The rent will be recognized in 2017. 3. Pretax financial income, $319,400. 4. Tax rate for all years, 30%. Correct answer. Your answer is correct. Compute taxable income for 2016. Taxable income $Entry field with correct answer 300000 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Partially correct answer. Your answer is partially correct. Try again. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2016. (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.) Account Titles and Explanation Debit Credit Entry field with correct answer Income Tax Expense Entry field with incorrect answer now contains modified data 95820 Entry field with correct answer Entry field with correct answer Deferred Tax Asset Entry field with correct answer 6420 Entry field with correct answer Entry field with correct answer Income Tax Payable Entry field with correct answer Entry field with incorrect answer now contains modified data 90000 Entry field with correct answer Deferred Tax Liability Entry field with correct answer Entry field with correct answer 12240 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Partially correct answer. Your answer is partially correct. Try again. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, assuming taxable income of $305,700. (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.) Account Titles and Explanation Debit Credit Entry field with correct answer Income Tax Expense Entry field with incorrect answer 85890 Entry field with correct answer Entry field with correct answer Deferred Tax Liability Entry field with incorrect answer 12240 Entry field with correct answer Entry field with correct answer Deferred Tax Asset Entry field with correct answer Entry field with correct answer 6420 Entry field with correct answer Income Tax Payable Entry field with correct answer Entry field with correct answer 91710 What is the answer for income tax expense and deferred tax liability for 2017 with the income tax of $305,700? I got those 2 blanks wrong, the rest I got right. thanks