Sandhill Company has the following two temporary differences between its income tax expense and income taxes payable. 2025 2026 2027 Pretax financial income $864,000 $949,000 $920,000 Excess depreciation expense on tax return (30,800) (41,000) (9,600) Excess warranty expense in financial income 20,900 10,500 8,300 Taxable income $854,100 $918,500 $918,700 The income tax rate for all years is 20%. 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 Income Tax Expense Deferred Tax Asset Deferred Tax Liability Debit 2025 Income Tax Payable 2026 Income Tax Expense Deferred Tax Asset Deferred Tax Liability Income Tax Payable 2027 Income Tax Expense Deferred Tax Asset Deferred Tax Liability Income Tax Payable 172800 4180 189840 2100 184000 1660 Credit 6160 170820 8200 183740 1920 183740 Indicate how deferred taxes will be reported on the 2027 balance sheet. Sandhill's product warranty is for 12 months. eTextbook and Media List of Accounts SANDHILL COMPANY Balance Sheet (Partial) December 31, 2027 $ 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).) SANDHILL COMPANY Income Statement (Partial) For the Year Ended December 31, 2027 Retained Earnings, December 31 Income Tax Expense Current Deferred Net Income/ (Loss) $ $