ADMS Ltd. reported the following 2022 statement of profit and loss: ADMS Ltd., Statement of Profit and Loss For the year ended December 31, 2022: Revenue Cost of goods sold Depreciation General & Administrative expenses Other Profit before tax Other information: $ 1,560,000 $700,000 180,000 50,000 20,000 $ 950,000 $610,000 a) There is a $ 80,000 accrued rent receivable on the statement of financial position. The amount was included in rental income (revenue) this year but not taxed until next year. This is the first time such accrual has been made. b) The CCA claim for 2022 is $ 301,000. At the beginning of 2022, UCC was $ 2,165,000, while the net book value was $2,916,000. The balance in the related deferred income tax liability was $ 300,400 Cr. at the end of 2021. c) Revenue includes dividends received of $ 50,000, which are not taxable at any time. d) Other expenses include nondeductible political donations of $ 30,000. e) The estimated financial position shows an asset called "deferred income tax asset $310,000," which is the benefit of a $ 75,000 loss carry forward in 2021. Required: Prepare the journal entry to record tax in 2022. The tax rate for 2021 is 40% and change to 42% in 2022. The tax rates are enacted in the year to which they pertain. (Show all calculations). Assume that ADMS Ltd. uses the loss carryforward provision, and it will realize the benefits of any losscarryforward in the future. ADMS Inc. does not use a valuation allowance.