At December 31, 2019, Swifty Inc. had a deferred tax asset of $38,700. At December 31, 2020, the deferred tax asset is $61,900. The corporation's 2020 current tax expense is $74,400. What amount should Swifty report as total 2020 income tax expense? Total income tax expense $ Prepare the journal entries to record income taxes for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation (To record current tax expense) (To record deferred tax expense) Debit Credit