ultip mpo ffere cord 24-2) Dial Co, at the end of 20x1, its fir income and taxable income as follows: rst year of operations, prepared a reconciliation between pretax financial Pretax financial income Estimated warranty expenses deductible for taxes when paid Extra depreciation (tax depreciation minus accounting depreciation) $300,000 600,000 750,000 warranty expense of $400,000 will be paid in 20x2 and $200,000 in 20x3. The use of the depreciable ssets will result in taxable amounts of $250,000 in each of the next three years. Prepare the journal entry to record income tax expense, deferred income tax and income tax payable for 20xl, assuming an income tax rate of 40% for all years. You have to compute the taxable income first from the given information 220, 000 40,e00 105,0000 105,00 eren ord i )(25D,000 200, 00 0,0