| Year | Pre-tax accounting income | Tax rate |
| 1999 | $280,000 | 35% |
| 2000 | $320,000 | 40% |
| 2001 | $350,000 | 40% |
| 2002 | $420,000 | 40% |
Each year's pre-tax accounting
income includes
a deductible permanent difference of $30,000. The change in tax
rate
to 40% was not enacted until the beginning of 2000. For years
1999-2002,
depreciation expense on the tax return differed from depreciation on
the
financial records by the following amounts:
| Year | depreciation difference |
| 1999 | $130,000 more |
| 2000 | $125,000 more |
| 2001 | $110,000 more |
| 2002 | $130,000 less |
Prepare the necessary journal entry
to record
income taxes on the books of Christopher Corporation for each of the
four
years indicated. There were no deferred taxes at the beginning of
1999.