Concord Inc. had accounting income of $155,000 in 2023 . Included in the calculation of that amount is the CEO's life insurance expense of $3,500, which is not deductible for tax purposes. In addition, the UCC for tax purposes is $12,900 lower than the net carrying amount of the property, plant, and equipment, although the amounts were equal at the beginning of the year. Prepare Concord's journal entries to record 2023 taxes, assuming the company follows IFRS and has a tax rate of 25\%. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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.)