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Urgent needed within 30 minutes. Q4. Zebra Corporation has one temporary difference at the end of 2019 that will reverse and cause deductible amounts of

Urgent needed within 30 minutes.

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Q4. Zebra Corporation has one temporary difference at the end of 2019 that will reverse and cause deductible amounts of $50,000 in 2020, $65,000 in 2021, and $40,000 in 2022. Zebra's pretax financial income for 2019 is $200,000 and the tax rate is 34% for all years. There are no deferred taxes at the beginning of 2019. Zebra expects to be profitable in the future. Instructions [Marks: 12] a) Compute taxable income and income taxes payable for 2019. b) Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2019

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