The information that follows pertains to Esther Food Products: At December 31, 2018, temporary differences were associated with the following future taxable (deductible) amounts:

Depreciation	44,000
Prepaid expenses	18,000
Warranty expenses	(15,000)

No temporary differences existed at the beginning of 2018. Pretax accounting income was $62,000 and taxable income was $15,000 for the year ended December 31, 2018. The tax rate is 40%.

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
Pretax accounting income	$ 62,000
Permanent differences				=
?	?			=
Income Subject to Taxation		x	?	=		?
Temporary Differences		x		=
?		x		=		?
?	?	x		=		?
?	?	x		=		?
Income Taxable in current year		x		=		?

Prepare the appropriate journal entry to record income taxes for 2018