Amelia brown is studying towards bs in finance from perella weinberg partners and currently working as global equity analyst intern for macquarie group. emilia is new and asked to find errors that may happen in some fo the financial statements. she was taking notes starting from the balance sheet and the current assets vs. current liabilities. in her list, which of the following items should not be on a firm's balance sheet under current liabilities:
1. cost of goods sold.2. accounts payable.3. short-term notes payable to the bank.4. accrued wages.5. accrued payroll taxes.

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."