Pole Co. at the end of 2018, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $465,000 Extra depreciation taken for tax purposes (1,047,000) Estimated expenses deductible for taxes when paid 935,000 Taxable income $353,000 Use of the depreciable assets will result in taxable amounts of $349,000 in each of the next three years. The estimated litigation expenses of $935,000 will be deductible in 2021 when settlement is expected. Prepare a schedule of future taxable and deductible amounts. (Enter negative amounts using either a negative sign preceding the number e. g. -45 or parentheses e. g. (45).) 2019 2020 2021 Total Future taxable (deductible) amounts Extra depreciation $ $ $ $ Litigation Prepare the journal entry to record income tax expense, deferred taxes, and income taxes payable for 2018, assuming a tax rate of 35% for all years.