Ganesha co. at the end of 201, its first year of operation, prepared a reconciliation between pretax financial income and taxable income as follows:

pretax financial income $950,000

estimated warranty expense deductible for taxes when paid. $600,000

extra depreciation ($375,000)

Taxable income $1,175,000

Estimated warenty expense of $50,000 will be deductible in 2019, $180,000 in 2020, and $120,000 in 2021. the use of the depreciation assets will results in taxable amounts of $125,000 in each of the next three years?

A. Prepare a table of future taxable and deductible amounts?

B. Prepare Journal Entry to record income tax expense, deferred income taxes, and income taxes payable for 2018, assuming as income tax rate of 35% for all years