Answer:
Larkspur Inc.
Particulars                                     2018       2019      2019       Total  
Temporary difference giving    $30,600  $10,300  $19,100   
rise to future taxable amount
Enacted tax rate                            34%        30%        34% 
Deferred tax liability                   $10,404  $3,090    $6,494   $19,988
Temporary diff. giving rise to    $192,000   $0           $0
future deductible amount 
Deferred tax assets                    $65,280    $0           $0        $65,280
Journal Entries - Larkspur Inc.  
Income tax expense Dr	$114,508
Deferred tax assets Dr	$65,280
         To Income tax payable Cr. $159,800 ($470,000*34%)
         To Deferred tax liability Cr. $19,988
(To record income tax and deferred tax)