Calculating Deferred Tax Balance

Evergreen Company's reconciliation between pretax GAAP income and taxable income follows for the year.

$\backslash$table$[[$Pretax GAAP income,$$200,000$Evergreen Company$$s reconciliation between pretax GAAP income and taxable income follows for the year.

Pretax GAAP income $$200,000$

Depreciation adjustment $(40,000)$

Permanent difference $1,250$

Taxable income $$161,250$

The company had one temporary difference due to the GAAP basis of equipment exceeding the tax basis of equipment. Record the income tax journal entry for the year, assuming a tax rate of $25\%.$ Assume that the January $1$ deferred tax liability balance was $$5,000.$