In its first year of operations, Martha Enterprises Corp. reported the following information: a. Income before income taxes was $630,000. b. The company acquired capital assets costing $2,300,000; depreciation was $154,000, and CCA was $115,000. c. The company recorded an expense of $150,000 for the one-year warranty on the company's products; cash disbursements amounted to $78,000. d. The company incurred development costs of $76,000 that met the criteria for capitalization for accounting purposes. Development work was still ongoing at year-end. These costs could be immediatelyrdeducted for tax purposes. e. The company made a political contribution of $29,000 and expensed this for accounting purposes. f. The income tax rate was 28% and the year 2 tax rate was enacted, at 30%. In the second year, the company reported the following: a. Earnings before income tax were $1,690,000. b. Depreciation was $154,000; CCA was $350,000. C. The estimated warranty costs were $245,000, while the cash expenditure was $295,000. d. Additional development costs of $195,000 were incurred to complete the project. For accounting purposes, amortization of $47,000 was recorded. e. Golf club memberships for top executives cost $34,000; this was expensed for accounting purposes as a marketing expense. Required: 1. Prepare the journal entries to record income tax expense for the first and second years of operation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)