Exercise 19-8 (Part Level Submission) Coronado Company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 Pretax financial income $823,000 $884,000 $993,000 Excess depreciation expense on tax return (29,700 ) (38,800 ) (9,500 ) Excess warranty expense in financial income 20,200 10,300 8,000 Taxable income $813,500 $855,500 $991,500 The income tax rate for all years is 40%.

(a) Assuming there were no temporary differences prior to 2017, prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019.

(b) Partially correct answer. Your answer is partially correct. Try again. Indicate how deferred taxes will be reported on the 2019 balance sheet. Coronados product warranty is for 12 months.

(c) Prepare the income tax expense section of the income statement for 2019, beginning with the line Pretax financial income. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Coronado Company Income Statement (Partial) $ $ $