21. Shopping Malls Ltd hassomelandit purchased everal yearsagofor $300000. It hasrevalued the land this periodto $480000 and managemerintendsto sell it in the nearfuture. Whentheland wasacquiredthe indexfor capital gainstax was 110andat reportingdateit is 132 Thetaxrateis 30%. What is the entry to recordthe tax implications of the revaluation? A Dr Incomeaxexpense $54 000 $54 Cr Deferred tax liability 000 BDr Deferred tax asset $69 000