FULL Skysongine, in CALCULATO A LEHYSIO first year of operations, has the following differences between the book basis and tax basis of its assets and tabeties at the end of 2016 Hook masis Tax Basis $340,000 Equimentet 399.000 $191.000 p h asable It is estimated that the warranty Baby will be dis 2017. The rece income of $548,000 in 2016. As of the beginning of 2016, the enacted texte is t (net) will result in toate amounts of $20,000 in 2017. $27,800 in 2015, and $10,300 in 2019. The c for 2016-2018, and for 2019 Siyong expects to report taxable income through 2019 Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2016. (Credit account titles are automatically indeed when amount is entered the mot indent a lly. If moetry is required, select "Ne Entry for the account titles and enter for the amounts.) Account Titles and plana Indicate how deferred income taxes will be reported on the balance sheet at the end of 2016. Skysong Inc. Balance Sheet