In the current year, Madison Corporation had $50,000 of taxable income at a tax rate of 25%. During the yoar, Madison began otfering warranties on its products and has a warranty liability for financial reporting purposes of $5,000 at the end of the year. Warranty expenses are not deducbble until paid for income tax pucposes. Required: Prepare the additional joumal entry necessary for Madison Corporation assuming that the corporation decides that it is "more likely than nor" that $500 of the $5,000 future deductible amount wiil not be realized. Prepare the additional joumal entry necessary for Madison Corporation assuming that the corporation decides that it is "more likely than not" that S500 of the $5,000 future deductible amount will not be realized on December 31