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Pharoah Company has the following two temporary differences between its income tax expense and income taxes payable. The income tax rate for all years is 20%. - Your answer is partially correct. Assuming there were no temporary differences prior to 2025, prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2025, 2026, and 2027. (List all debit entries before credit entries. 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 O for the amounts. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit 2025 Income Tax Expense 168400 Deferred Tax Liability Income Tax Payable 2026 Income Tax Expense Deferred Tax Lability income Tax Payable Indicate how deferred taxes will be reported on the 2027 balance sheet. Pharoah's product warranty is for 12 months. Prepare the income tax expense section of the income statement for 2027, beginning with the line "Pretax financial income." (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)