Question 1-5 marks) Hunt Co. at the end of 2012, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows Pretax financial income Extra depreciation Taxable income s 750,000 (1350,000) $(600.000) The use of the depreciable assets will result in taxable amounts of $450,000 in each of the next three years. Instructions Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2012, assuming an income tax rate of14%for all years. re 50,boo