deferred tax accounts.

Assuming that there was a January $1$ beginning balance of $$3,200$ in the deferred tax asset account, record the income tax journal entry on December $31.$

$-$Note: If a line in a journal entry isn't required for the transaction, select $"$N$/$A$"$ as the account names and leave the Dr$.$ and Cr$.$ answers blank $($zero$).$On December $31,$ for GAAP purposes, Wando Inc. reported a balance of $$32,000$ in a warranty liability for anticipated costs to satisfy future warranty claims. The tax basis for the warranty liability is zero. No claims were paid during the year. The increase to income tax payable on December $31$ is $$68,000,$ and the tax rate is $25\%.$ Assume no other differences between the tax basis and GAAP basis of assets and liabilities, or any beginning balances in deferred tax accounts.

Assuming that there was a January $1$ beginning balance of $$3,200$ in the deferred tax asset account, record the income tax journal entry on December $31.$