The following information for the Marshal Company was reported for the year ended December 31, 2021. Revenues $$ 800,000 Expenses Pre-Tax Income 600,000 200,000 In preparing the Company's tax return for 2021, you learned the following additional Information: 1. The revenues include installment sales that belong to future years of Required: $ 50,000 (i.e., not taxable this year). 2. Expenses include $40,000 for product warranty from sales made this year but anticipated repairs are in future years. XYZ Company has a 30% tax rate and no announced tax rate changes by IRS or tax law. A.Determine XYZ's tax expense for 2018 and the associated deferred tax assets or liabilities if any. B.Prepare the necessary journal entry.