Pole Co. at the end of 2018, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income 420,000 Extra depreciation taken for tax purposes (1,050,000) Estimated expenses deductible for taxes when paid 840,000 Taxable income 210,000 Use of the depreciable assets will result in taxable amounts of 350,000 in each of the next three years. The estimated litigation expenses of 840,000 will be deductible in 2021 when settlement is expected. Instructions (a) Prepare a schedule of future taxable and deductible amounts. (b) Prepare the journal entry to record income tax expense, deferred taxes, and income taxes payable for 2018, assuming a tax rate of 40% for all years