Taxable income and pretax financial income would be identical for Concord 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		2016			2017			2018
Excess of revenues over expenses (excluding two temporary differences)		$149,000			$192,000			$96,700
Installment gross profit collected		7,600			7,600			7,600
Expenditures for warranties		(5,500	)		(5,500	)		(5,500	)
Taxable income		$151,100			$194,100			$98,800

Pretax financial income		2016			2017			2018
Excess of revenues over expenses (excluding two temporary differences)		$149,000			$192,000			$96,700
Installment gross profit recognized		22,800			0			0
Estimated cost of warranties		(16,500	)		0			0
Income before taxes		$155,300			$192,000			$96,700

The tax rates in effect are 2016, 40%; 2017 and 2018, 45%. All tax rates were enacted into law on January 1, 2016. No deferred income taxes existed at the beginning of 2016. 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 2016, 2017, and 2018. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dece 31 2016 Dr Cr
Dec 31 2017
Dec 31 2018