On 1 January 20X3, Highmark Corp. had the following defemed tax balances: On this date, the net book value of capital assets was $1,950,000 and UCC was $1.580,000 Them was a warranty lability of $60,000 In 20X3, acoounting income was $370,000. This included non-tax-deductible expe Warranty dlaims paid were $71,000 and CCA was $119,000. Required: d revenue (non-laxable) of $22,000, depreciation of $95,000, and a warranty expense of $49,000 transactionevent select-helernal entry ejournal enny to record tax opose n 2000. The enaded tax rate was 4t% nmorno entry is requind for Journal entry worksheet Record the entry for current and deferred tax expense/benefit. oceEnter debits before credits On 1 January 20X3, Highmark Corp. had the following defemed tax balances: On this date, the net book value of capital assets was $1,950,000 and UCC was $1.580,000 Them was a warranty lability of $60,000 In 20X3, acoounting income was $370,000. This included non-tax-deductible expe Warranty dlaims paid were $71,000 and CCA was $119,000. Required: d revenue (non-laxable) of $22,000, depreciation of $95,000, and a warranty expense of $49,000 transactionevent select-helernal entry ejournal enny to record tax opose n 2000. The enaded tax rate was 4t% nmorno entry is requind for Journal entry worksheet Record the entry for current and deferred tax expense/benefit. oceEnter debits before credits