$($b$)$ Assuming that it is more likely than not that $$24,000$ of the deferred tax asset will not be realized, prepare the journal entry at the

end of $2025$ to record the valuation account. $($List debit entry before credit 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.$)$Bramble Corp. has a deferred tax asset account with a balance of $$68,600$ at the end of $2024$ due to a single cumulative temporary

difference of $$343,000.$ At the end of $2025,$ this same temporary difference has increased to a cumulative amount of $$463,000.$

Taxable income for $2025$ is $$824,000.$ The tax rate is $20\%$ for all years. No valuation account related to the deferred tax asset in

existence at the end of $2024.$

$($a$)$ Record income tax expense, deferred income taxes, and income taxes payable for $2025,$ assuming that it is more likely than not that

the deferred tax asset will be realized. $($List all debit entries before credit entries. 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