The accounting records of Sweet Inc show the following data for 2017 Gts first year of operations) 1. 2. 3. 4. Life insurance expense on officers was $13.000 Equipment was acquired in early January for $317.000. Straight-fine depreciation over a 5-year life is used, with no salvage value. For tax purposes, Sweet used a 30% rate to calculate depreciation Interest revenue on State of lowa bonds totaled $3.000 Product warranties were estimated to be 549,000 in 2017. Actual repair and labor costs related to the warranties in 2017 were $9.000. The remainder is estimated to be paid evenly in 2018 and 2019. Pretax financial income was $814,000. The tax rate is 30% 5. Prepare the journal entry for 2017 to record income taxes payable income tax expense, and deferred income taxes. (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 Technok and Media