Whispering Enterprises Ltd. earned accounting income before taxes of $1,721,000 for the year ended December 31, 2017. During 2017, Whispering paid $209,000 for meals and entertainment expenses. In 2014, Whisperings tax accountant made a mistake when preparing the companys income tax return. In 2017, Whispering paid $25,000 in penalties related to this error. These penalties were not deductible for tax purposes. Whispering owned a warehouse building for which it had no current use, so the company chose to use the building as a rental property. At the beginning of 2017, Whispering rented the building to SPK Inc. for two years at $255,000 per year. SPK paid the entire two years rent in advance. Whispering used the straight-line depreciation method for accounting purposes and recorded depreciation expense of $406,000. For tax purposes, Whispering claimed the maximum capital cost allowance of $631,000. Whispering sold its products with a two-year warranty against manufacturing defects. In 2017, Whispering accrued $585,000 of warranty expenses: actual expenditures for 2017 were $277,000 with the remaining $308,000 anticipated in 2018. In 2017, Whispering was subject to a 33% income tax rate and follows IFRS. During the year, the federal government announced that tax rates would be decreased to 31% for all future years beginning January 1, 2018. Prepare the journal entries to record current and future income taxes for 2017.