Brief Exercise 19-03 Culver Corporation began operations in 2020 and reported pretax financial income of $234,000 for the year. Culver's tax depreciation exceeded its book depreciation by $33,000. Culver's tax rate for 2020 and years thereafter is 30%. Assume this is the only difference between Culver's pretax financial income and taxable income. Prepare the journal entry to record the income tax expense, deferred income taxes, and income taxes payable. (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 o for the amounts.) Account Titles and Explanation Credit Debit Show how the deferred tax liability will be classified on the December 31, 2020, balance sheet. Deferred tax liability should be classified as a on the December 31, 2020, balance sheet. Click if you would like to show Work for this question: Open Show Work Brief Exercise 19-04 At December 31, 2020, Nash Corporation had a deferred tax liability of $25,300. At December 31, 2021, the deferred tax liability is $44,800. The corporation's 2021 current tax expense is $50,900. What amount should Nash report as total 2021 income tax expense? Total income tax expense for 2021 Click if you would like to Show Work for this question: Open Show Work Brief Exercise 19-07 At December 31, 2020, Sheridan Corporation has a deferred tax asset of $184,000. After a careful review of all available evidence, it is determined that it is more likely than not that $55,200 of this deferred tax asset will not be realized. Prepare the necessary journal 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 o for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work