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The information that follows pertains to Esther Food Products: At December 31,2024, temporary...

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Accounting

The information that follows pertains to Esther Food Products:
At December 31,2024, temporary differences were associated with the following future taxable (deductible) amounts:
Depreciation $ 58,000
Prepaid expenses 25,000
Warranty expenses (7,000)
No temporary differences existed at the beginning of 2024.
Pretax accounting income was $98,000 and taxable income was $22,000 for the year ended December 31,2024.
The tax rate is 25%.
Required:
Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2024.

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