At December 31, 2017, Cornpops Corporation has a deferred tax asset of $202,000. After a careful review of all available evidence, it is determined that it is more likely than not that $60,600 of this deferred tax asset will not be realized. Prepare the necessary journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit