Bonita Corp. has a deferred tax asset account with a balance of $$67,500$ at the end of $2019$ due to a single cumulative temporary

difference of $$337,500.$ At the end of $2020,$ this same temporary difference has increased to a cumulative amount of $$448,200.$

Taxable income for $2020$ is $$864,500.$ The tax rate is $20\%$ for all years. At the end of $2019,$ Bonita Corp. had a valuation account

related to its deferred tax asset of $$48,900.$

$($a$)$ Record income tax expense, deferred income taxes, and income taxes payable for $2020,$ assuming that it is more likely than not that

the deferred tax asset will be realized in full. $($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.$)$

$($To record income tax expense$)$

$($To adjust allowance account$)$

$($b$)$ Record income tax expense, deferred income taxes, and income taxes payable for $2020,$ assuming that it is more likely than not that

none of the deferred tax asset will be realized. $($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.$)$