Current Attempt in Progress

Coronado Inc. had pretax financial income of $$148,500$ in $2025.$ Included in the computation of that amount is insurance expense of

$$4,200$ which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting depreciation by $$9,500.$

Prepare Coronado's journal entry to record $2025$ taxes, assuming a tax rate of $30\%.($List all debit entries before credit entries.

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 $0$ for the amounts.$)$

Account Titles and Explanation

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List of Accounts