I NEED HELP FOR LETTER B (I ALREADY TRIED TOTAL LONG TERM LIABILITIES AND CURRENT ASSETS)

Kingbird Company has the following two temporary differences between its income tax expense and income taxes payable. 2020 2021 Pretax financial income Excess depreciation expense on tax return Excess warranty expense in financial income Taxable income $856,000 (29,100) 20,600 $847,500 $898,000 (39,100) 9,500 $868,400 2022 $974,000 (10,400 ) 7,600 $971,200 The income tax rate for all years is 20%. (a) Your answer is correct. Assuming there were no temporary differences prior to 2020, prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020, 2021, and 2022. (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 O for the amounts.) Account Titles and Explanation Debit Credit 2020 Income Tax Expense 171200 Deferred Tax Asset 4120 Income Tax Payable 169500 Deferred Tax Liability 5820 2021 Income Tax Expense 179600 Deferred Tax Asset 1900 Income Tax Payable 173680 Deferred Tax Liability 7820 2022 Income Tax Expense 194800 Deferred Tax Asset 1520 Income Tax Payable 194240 Deferred Tax Liability 2080 (b) Your answer is correct. Indicate how deferred taxes will be reported on the 2022 balance sheet. Kingbird's product warranty is for 12 months. Kingbird Company Balance Sheet (Partial) December 31, 2022 Noncurrent Liabilities Deferred Tax Liability $ 8180 e Textbook and Media List of Accounts Attempts: 3 of 5 used (c) Prepare the income tax expense section of the income statement for 2022, beginning with the line Pretax financial income. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Kingbird Company Income Statement (Partial) For the Year Ended December 31, 2022 Pretax Financial Income $ 974000 Income Tax Expense Current $ Deferred Net Income / (Loss) $