[10 POINTS] The following information is available for Hammers Corporation for 2020. 1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $100,000. This difference will reverse in equal amounts of \$20,000 over the years 2021-2025. 2. Interest received on municipal bonds was $15,000. 3. Rent collected in advance on January 1, 2020, totaled $70,000 for a 4-year period. Of this amount, $50,000 was reported as unearned at December 31, 2020, for book purposes. 4. The tax rates are 20% for 2020 and 15% for 2021 and subsequent years. 5. Taxable Income was $900,000 per the tax return for 2020 . 6. No deferred taxes existed at the beginning of 2020 . Instructions [ANSWER ON A BLANK PAGE TO KEEP IT NEAT] A. [10 POINTS] Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020