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Exercise 19-3 Bridgeport Corporation began 2017 with a $99,700 balance in the Deferred Tax Liability account. At the end of 2017, the related cumulative temporary

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Exercise 19-3 Bridgeport Corporation began 2017 with a $99,700 balance in the Deferred Tax Liability account. At the end of 2017, the related cumulative temporary difference amounts to $324,700, and it wit reverse evenly over the next 2 years. Pretax accounting income for 2017 is SS01,800, the tax rate feral years is 40%, and taxable ncome ror 2017 s sas,so Compute income taxes payable for 2017 Income taxes payable s Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017,(Credit account titles are autematically Indented when amount is entered Do not indent manually. If no entry is required, select "Ne Entry" for the account tities and enter for the amounts.) Account Tites and Explanation Debit BNOW LIST or

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