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15PTS Q9 S Inc. had pretax financial income of $154,000 in 2017. Included in the computation of that amount is insurance expense of $4,000 which

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15PTS Q9 S Inc. had pretax financial income of $154,000 in 2017. Included in the computation of that amount is insurance expense of $4,000 which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting depreciation by $10,000. Required: Prepare S Inc.'s journal entry to record 2017 taxes, assuming a tax rate of 45%

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