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Brief Exercise 19-09 Martinez Inc. had pretax financial income of $161,000 in 2020. Included in the computation of that amount is insurance expense of $4,200

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Brief Exercise 19-09 Martinez Inc. had pretax financial income of $161,000 in 2020. Included in the computation of that amount is insurance expense of $4,200 which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting depreciation by $9,900. Prepare Martinez's Journal entry to record 2020 taxes, assuming a tax rate of 25%. (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 for the amounts.) Debat Credit Account Titles and Explanation

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