On 31 December 2019, Niu Ford estimated it's warranty cost on the sale of cars to be k50 000, to be paid evenly over the next 2 years. The company recorded these estimate warranty costs by debiting Warranty expense and crediting provision for warranty on 31 December 2019.

A.Assuming the tax rate of 30 % , record the income tax effect of this entry for the year ended 31 December 2011, and for the next two years if warranty cost of K500 000 are incurred evenly over those years .assume no further additions to provision for warranty.