I need help with the last part, I have added the answers to the section I got wrong.

Exercise 19-8 (Part Level Submission) Shefeld Company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 Pretax nancial income $811,000 $932,000 $992,000 Excess depreciation expense on tax return (31,500) (39,100) (9,900) Excess warranty expense in nancial income 19,900 9,800 8,300 Taxable income $799,400 WW The income tax rate for all years is 40%. v (C) Prepare the income tax expense section of the income statement for 2019, beginning with the line \"Pretax nancial income." (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sheffield Company Income Statement (Partial) For the Year Ended December 31, 2019 ' $ 4 4 +3- 4 0 +- Click if you would like to Show Work for this question: gpen Show Work V (3) Your answer is correct. 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. (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 0 for the amounts.) Account Titles and Explanation ( In come TEX Expense \\ Deferred Tax Asset \\ Deferred Tax Liability ( Income Tax Payable & In come Tax Expense K Deferred Tax Asset \\ Deferred Tax Liability & N N O G III III Q \\l In come Tax Payable N O H U Debit Credit 324400 ' \"- J 372800 v/ I' ~/ \"M J 319760 J- 'I J ' II'E 361080 I K 20 19 Income Tax Expense Deferred Tax Asset Deferred Tax Liability Income Tax Payable Click if you would like to Show Work for this question: 396800 396160 Open Show Work v (b) Your answer is partially correct. Try again. Indicate how deferred taxes will be reported on the 2019 balance sheet. Sheffield's product warranty is for 12 months. Sheffield Company Balance Sheet December 31, 2019 6 I m I Current Assets 6 II III I! . Click if you would like to Show Work for this question: Open Show Work H edugen.wileyplus.com lution _ {ercise 19-8 (Part Level Submission) Attempts: 3 of 3 used :ferred tax asset ($7,960 + $3,920 + $3,320) $15,200 :ferred tax liability ($12,600 + $15,640 + $3,960) 32,200 _ :t non-current liability (deferred tax liability) $171000 _ Pretax nancial income." (Enter loss using eithel 'right 2000-2018 by John Wiley & Sons, Inc. or related companies. All rights reserved