2018 Income from continuing operations before $1375 ta}: Temporary differences (all related to operating income): Rent collected by Entity A for 2019 tenant occupancy 15 Depreciation deducted on tax return in excess of depreciation expense Permanent differences (all related to operating income): Fine paid due to violation of law (not deductible Life insurance proceeds on passing of CPD who was insured by company Balance in deferred tart asset account; January 1, 2018 2 Balance in deferred tan: liability account, January 1, 2010 The applicable enacted tax rate for all periods is 40%. Show work. - l - A. Prepare the appropriate journal entry to record income tastes