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B) Use the information for Jenny Corporation in Part A, and assume that the company...

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Accounting

B) Use the information for Jenny Corporation in Part A, and assume that the company reports accounting income of $155,000 in each of 2021 and 2022 and the warranty expenditures occurred as expected. No reversing difference exists other than the one identified in Part A.
Instructions:
(a) Calculate the deferred income tax balances at December 31,2021 and 2022.
(b) Calculate taxable income and income taxes payable for 2021 and 2022.
(c) Prepare the journal entries to record income taxes for 2021 and 2022.
(d) Prepare the income tax expense section of the income statements for 2021 and 2022, beginning with the line "Income before income taxes."
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