Please see the attached question. Most of the answer has been complete. Only two calculations needed.

Select Question Attempt for PreviewAttempt of 2 GO 2 Exercise 19-11 Your answer is partially correct. At the end of 2016, Oriole Company has $180,200 of cumulative temporary differences that will result in reporting the following future taxable amounts. 2017 $58,600 2018 52,000 2019 39,100 2020 30,500 $180,200 Tax rates enacted as of the beginning of 2015 are: 2015 and 2016 40 % 2017 and 2018 30 % 2019 and later 25 % Oriole's taxable income for 2016 is $321,800. Taxable income is expected in all future years. (a) Prepare the journal entry for Oriole to record income taxes payable, deferred income taxes, and income tax expense for 2016, assuming that there were no deferred taxes at the end of 2015. (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 Income Tax Ex Debit Credit 96540 Income Tax Pa 96540 Deferred Tax 0 (b) Prepare the journal entry for Oriole to record income taxes payable, deferred income taxes, and income tax expense for 2016, assuming that there was a balance of $22,300 in a Deferred Tax Liability account at the end of 2015. (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 Income Tax Expense Debit Credit 96540 Income Tax Pa Deferred Tax 74240 22300