Puget sound divers is a company that provides diving services such as underwater ship repairs to clients in the puget sound area. the company’s planning budget for may appears below: puget sound diversplanning budgetfor the month ended may 31budgeted diving-hours (q) 100revenue ($365.00q) $ 36,500expenses: wages and salaries ($8,000 $125.00q) 20,500supplies ($3.00q) 300equipment rental ($1,800 $32.00q) 5,000insurance ($3,400) 3,400miscellaneous ($630 $1.80q) 810total expense 30,010net operating income $ 6,490during may, the company’s actual activity was 105 diving-hours. required: prepare a flexible budget for may. question 1 of 5 total 1 of 5mcgraw hill education

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."