The information that follows pertains to Esther Food Products: a. At December 31, 2016, temporary differences were associated with the following future taxable (deductible) amounts: Prepaid expenses Warranty expenses S 54,000 23,000 (20,000) b. No temporary differences existed at the beginning of 2016 c. Pretax accounting income was $77,000 and taxable income was $20,000 for the year ended December 31, 2016. The tax rate is 40% Required Complete the following table given below and prepare the appropratejoumal entry to record income taxes for 2018. (If no entry is required for a transaction event, select "No journal entry required" in the first account field. Negative amounts should be entered with a minus sign.) Pretax accounting income Permanent differences 5 77,000 Income subject to taxation Temporary Differences 77,000 x Income taxable in current year 5 77,000x Mew transaction llst Journal entry worksheet Record 2016 income taxes. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general Journal