At the end of 2019, Swifty Company has $180,500 of cumulative temporary differences that will result in reporting the following future taxable amounts. 2020 $61,500 2021 48,700 2022 41,600 2023 28,700 $180,500Tax rates enacted as of the beginning of 2018 are: 2018 and 2019 40% 2020 and 2021 30% 2022 and later 25% Swifty's taxable income for 2019 is $323,300. Taxable income is expected in all future years. (a) Prepare the journal entry for Swifty to record income taxes payable, deferred income taxes, and income tax expense for 2019, assuming that there were no deferred taxes at the end of 2018.(b) Prepare the journal entry for Swifty to record income taxes payable, deferred income taxes, and income tax expense for 2019, assuming that there was a balance of $21,000 in a Deferred Tax Liability account at the end of 2018.