Sarasota Company has the following two temporary differences between its income tax expense and income taxes payable. 2020 2021 2022 $876,000 $908,000 $904,000 Pretax financial income Excess depreciation expense on tax return Excess warranty expense in financial income (28,500) (41,000) (10,000) 20,900 10,300 8,000 Taxable income $868,400 $877,300 $902,000 The income tax rate for all years is 20%. Your answer is correct. Assuming there were no temporary differences prior to 2020. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020, 2021, and 2022. (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 for the amounts.) Account Titles and Explanation Debit Credit 2020 Deferred Tax Asset 4180 Income Tax Expense 175200 Deferred Tax Liability 5700 Income Tax Payable 173680 2021 11 . Deferred Tax Asset 2060 Income Tax Expense 181600 Deferred Tax Liability 8200 Income Tax Payable 175460 2022 Deferred Tax Asset 1600 Income Tax Expense 180800 Deferred Tax Liability 2000 Income Tax Payable 180400 Indicate how deferred taxes will be reported on the 2022 balance sheet. Sarasota's product warranty is for 12 months. Sarasota Company Balance Sheet (Partial) December 31, 2022 Noncurrent Liabilities Deferred Tax Liability $ $ 15900