A Inc.'s income before taxes is $670,000 and its tax rate is 35%. Charmed included $40,000 in non-deductible life insurance premiums in the $670,000. There are no oti ax differences. What is the joumal entry to record income tax expense? 14,000 Income Tax Expense Income Tax Payable 14.000 234,500 Income Tax Expense Income Tax Payable 234,500 220,500 Income Tax Expense Income Tax Payable 220,500 248,500 Income Tax Expense Income Tax Payable 248,500