The focus groupis meeting on Tuesday. The policy is too old; itneeds to be revised. The management teamwants to hire new warehouse workers. If the customerbuys four or more items from the catalog, offer a price reduction. We should bothfeel comfortable with the final decision. The corporate directorsrecommends a full investigation. The board of directorshas approved the current ethics policy. The regional manager and the district supervisormakes all purchasing decisions. The writer of a well-designed e-mail messageuse correct grammar and spelling. The initial proposals the team submitted how hard they have worked.

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."