Splish Enterprises Ltd., a private company following ASPE earned accounting income before taxes of $1,709,000 for the year ended December 31, 2020. During 2020, Splish paid $205,000 for meals and entertainment expenses. In 2017, Splish's tax accountant made a mistake when preparing the company's income tax return. In 2020, Splish paid $16,000 in penalties related to this error. These penalties were not deductible for tax purposes. Splish owned a warehouse building for which it had no current use, so the company chose to use the building as a rental property. At the beginning of 2020, Splish rented the building to SPK Inc. for two years at $254,000 per year. SPK paid the entire two years' rent in advance. Splish used the straight-line depreciation method for accounting purposes and recorded depreciation expense of $398,000. For tax purposes, Splish claimed the maximum capital cost allowance of $623,000. Splish began to sell its products with a two-year warranty against manufacturing defects in 2020 to match a warranty introduced by its main competitor. In 2020, Splish accrued $589,000 of warranty expenses: actual expenditures for 2020 were $284,000 with the remaining $305,000 anticipated in 2021. In 2020, Splish was subject to a 35% income tax rate. During the year, the federal government announced that tax rates would be decreased to 33% for all future years beginning January 1, 2021. Prepare the journal entries to record current and future income taxes for 2020. (Credit account titles are automatically