Taxable income and pretax financial income would be identical for Headland Co. except for its treatments of gross profit on installment sales and estimated costs of warranties. The following income computations have been prepared. Taxable income 2019 Excess of revenues over expenses (excluding two temporary differences) $168,000 Installment gross profit collected 7,800 Expenditures for warranties (4,600) Taxable income $171,200 2020 $199,000 7,800 (4,600) $202,200 2021 $90,500 7,800 (4,600 ) $93,700 Pretax financial income 2019 Excess of revenues over expenses (excluding two temporary differences) $168,000 Installment gross profit recognized 23,400 Estimated cost of warranties (13,800 ) Income before taxes $177,600 2020 $199,000 --- 2021 $90,500 -O- -0- $90,500 -0- $199,000 The tax rates in effect are 2019, 40%; 2020 and 2021, 45%. All tax rates were enacted into law on January 1, 2019. No deferred income taxes existed at the beginning of 2019. Taxable income is expected in all future years. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2019, 2020, and 2021. (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.) Date Account Titles and Explanation Debit Credit Dec. 31, 2019 Income Tax Expense Deferred Tax Asset Deferred Tax Liability Income Tax Payable Dec. 31, 2020 Income Tax Expense Deferred Tax Liability Deferred Tax Asset Income Tax Payable Dec. 31, 2020 Income Tax Expense Deferred Tax Liability Deferred Tax Asset Income Tax Payable