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Taxable income and pretax financial income would be identical for Bramble Co. except for its treatments of gross profit on installment sales and estimated costs

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Taxable income and pretax financial income would be identical for Bramble Co. except for its treatments of gross profit on installment sales and estimated costs of warranties. The following income computations have been prepared. The tax rates in effect are 2024,2016,2025 and 2026, 25\%. All tax rates were enacted into law on January 1, 2024, No deferred income taxes existed at the beginning of 2024. Taxable income is expected in all future years. Prepare the journal entries to record income tax expense, deferred income taves, and inceme taxes payable for 2024, 2025, and 2026. (List all debit entries before credi entries. Credit account tities are autamatically indented when amount is entered. Do not indent manualik. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31,2024 Incanv Tax Expense: Deterred TaxAsset Income Tax Parsole Delerred Taxtlability Dee 31,2025 Income Tar Expense Deferred Tax Liability Income Tax Payabie Deferrind Tax Awset Dec 31,2026 Income Tax Expeme Deferred faxtiabiaty Income Tax Peyable Deferred Tax A Aset

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