$363,000. Taxable income for 2023 is $920,000. The tax rate is 30% for all years. (a) Your answer has been saved. See score details after the due date. manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Income tax payable $ enter 0 for the amounts.) 1. Assuming it is more likely than not that $30,000 of the deferred tax asset will not be realized, prepare the journal entries to record income taxes for 2023 . Sheridan does not use a valuation allowance account. use of the temporary differences. Prepare the entry, if applicable, to adjust the Deferred Tax Asset account