Cullumber Corporation purchased equipment very late in 2023. Based on generous capital cost allowance rates provided in the Income Tax Act. Cullumber claimed CCA on its 2023 tax return but did not record any depreciation because the equipment was being tested. This temporary difference will reverse and cause taxable amounts of $25.100 in 2024. $39.200 in 2025, and $45,900 in 2026. Cullumber's accounting income for 2023 is $232.400 and the tax rate is 30% for all years. There are no deferred tax accounts at the beginning of 2023. Calculate the deferred tax balance at December 31, 2023. Deferred tax eTextbook and Media List of Accounts Calculate taxable income and income tax payable for 2023 Taxable income Income tax payable eTextbook and Media List of Accounts $ Prepare the journal entries to record income taxes for 2023. 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 for the amounts.) Year Account Titles and Explanation 2023 2023 (To record current tax expense) (To record deferred tax expense) eTextbook and Media List of Accounts. Debit Credit