Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. she starts to save $1,060 every year and plans to renovate her kitchen. she deposits the money in her savings account at the end of each year and earns 14% annual interest. katie’s savings are an example of an annuity. if katie decides to renovate her kitchen, how much would she have in her savings account at the end of seven years? $11,374.32 $9,668.17 $12,966.73 $4,545.60

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."