Blue Corp is in their 2nd year of operations. They had a $10,000 loss before tax in their 1st year and have a 30% tax rate. Their tax benefit was $3,000 and they had a valuation allowance of $1,050 (35% of the tax benefit, 65% of NOL anticipated), so their net loss was $8,050. Blue Corp has a $4,000 deferred tax asset this year (year 2). Their income before taxes this year was $200,000 and their accountant originally recorded a transaction of a debit to income tax expense and credit to taxes payable of $60,000, before calculating the deferred tax asset. What adjusting journal entries need to be made for income taxes given this information?