Problem 9-1 During the current year, EVERLASTING COMPANY reported accounting income of 29.000.000 before income tax. The entity revealed the following information for the current year, Interest income on government bonds 2700.000 Depreciation claimed on tax return in excess of depreciation per book 1,300,000 Warranty expense under accrual basis 600,000 Actual warranty payment 300,000 Income from installment sale reported for tax purposes in excess of income recognized per book 200,000 Income tax rate 30% Required: 1. Compute for the current tax expense and deferred tax expense at year-end. 2. Record the necessary journal entries to record current tax and deferred tax