Clement Co. is a privately owned company that reports under ASPE. For the year ending December 31, 2020, the company reported accounting earnings before tax of $100,000. The following additional information is available:

Depreciation	$20,000
Meals and entertainment	$2,000
Maximum possible capital cost allowance (CCA) claim	$25,000
Applicable tax rate	20%

What is the journal entry to record the total income tax expense for the year, assuming that the company uses the taxes payable method and wishes to minimize taxes?

Question 22 options:

a)	DR Income tax expense $20,000; CR Income taxes payable $20,000

b)	DR Income tax expense $20,200; CR Income taxes payable $19,200; CR Future income tax liability $1,000

c)	DR Income tax expense $19,200; CR Income taxes payable $19,200

d)	DR Income tax expense $19,000; CR Income taxes payable $19,000