The following information is available for Metlock inc. for 2024: 1. Excess of tax depreciation over book depreciation, $77,200. This $77,200 difference will reverse equally over the next 4 years. 2. Deferral, for book purposes, of $26,000 of subscription income recelved in advance. The subscription income will be earned in 2025. 3. Pretax financial income, $206,000. 4. Tax rate for all years, 20%. (a) Your answer is correct. Compute taxable income for 2024 . Taxable income $ (b) Prepare the joumal entry to record income tax expense, deferred income taxes, and income taxes payable for 2024, (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 O for the amounts. List all debit entries before credit entries) (c) Your answer is partially correct. Prepare the joumal entry to record income tax expense, defemed income taxes, and income taxes payable for 2025 , assumirs taxable income of $280,800. (Credit account tites are dutomaticolly indented when amount is entered Do not indent manually If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries)