At December 31, 2020, Flint Corporation has a deferred tax asset of $337,700. After a careful review of all available evidence, it is determined that it is more likely than not that $72,700 of this deferred tax asset will not be realized. Prepare the necessary journal entry assuming that Flint does not use a valuation allowance account. (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 for the amounts.) Account Titles and Explanation Debit Credit Date December 31, 2020 e Textbook and Media List of Accounts Prepare the necessary journal entry assuming that Flint does use a valuation allowance account. (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 for the amounts.) Account Titles and Explanation Debit Credit Date December 31, 2020 eTextbook and Media List of Accounts