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

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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 $ 38,000 Prepaid expenses 14,000 Warranty expenses (11,000) No temporary differences existed at the beginning of 2024. Pretax accounting income was $53,000 and taxable income was $12,000 for the year ended December 31, 2024. The tax rate is 25%. Required: Complete the folimagelowing table given below and prepare the appropriate journal entry to record income taxes for 2024.

Complete the following table given below to record income taxes for 2024 . Note: Amounts to be deducted should be entered with a minus sian

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