The information that follows pertains to Esther Food Products:

1. At December 31, 2018, temporary differences were associated with the following future taxable (deductible) amounts:

Depreciation Prepaid expenses Warranty expenses 52,000 22,000 (19,000) b. No temporary differences existed at the beginning of 2018 c. Pretax accounting income was $74,000 and taxable income was $19,000 for the year ended December 31, 2018 d. The tax rate is 40%. Required: Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2018 Complete this question by entering your answers in the tabs below. General Journal Calculation Complete the following table given below to record income taxes for 2018. (Negative amounts should be entered with a minus sign.) x Tax Rate = Tax $ Recorded as: $ 74,000 Pretax accounting income Permanent differences No permanent differences Income subject to taxation Temporary Differences Depreciation Warranties Prepaid expenses Income taxable in current year 74,000 x 40%|=| $ 29,600 Income tax expense Deferred tax liability Deferred tax asset Deferred tax liability $74,000 x 40% | $ 29,600 ncome tax payable