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Bramble Corporation has one temporary difference at the end of 2021 that will reverse and...

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Accounting

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Bramble Corporation has one temporary difference at the end of 2021 that will reverse and cause taxable amounts of 553900 in 2022,$5.8,600 in 2023, and $73,900 in 2024. Bramble's pretax financisl income for 2021 is 5404,500 , and the tax rate is 306 for ail years. There are no deferred tawes at the beginning of 2021. (a) Compute taxable income and income tawes payable for 2021 Taxable income Income taxes payabie 5 Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2021. (Crodit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is reauired, select "No Entry" for the account titles and enter 0 for the amounte.)

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