J-Matt, Inc., had pretax accounting income of $315,000 and taxable income of $344,000 in 2021. The only difference between accounting and taxable income is estimated product warranty costs of $29,000 for sales in 2021. Warranty payments are expected to be in equal amounts over the next three years (2022-2024) and will be tax deductible at that time. Recent tax legislation will change the tax rate from the current 25% to 20% in 2023. Determine the amounts necessary to record J-Matt's income taxes for 2021 and prepare the appropriate journal entry. Complete this question by entering your answers in the tabs below. Income Tax- General Journal Prepare the appropriate journal entry. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction list Journal entry worksheet