Vanier Corporation reported the following information at the beginning of its current fiscal year: Deferred income tax asset (warranties) $ 2,400 (dr) Deferred income tax liability (depreciable assets) 10,500 (cr) During the year, Vanier reports the following information: - Pre-tax income was $850,000 and the tax rate was 32%; -Depreciation expense was $75,000 and the CCA was $80,000. The carrying amount of property, plant, and equipment at the end of the year was $420,000 while the UCC was $380,000; - Warranty expense was reported at $40,000 while actual cash paid out was $38,000. The warranty liability had a year-end balance of $10,000. -No other items affected deferred tax amounts other than these transactions. Required: Prepare the journal entries to record income tax for the year. Provide the income statement section commencing with "Net income before taxes