Exercise 19-13 Cullumber Corp, has a deferred tax asset account with a balance of $156,800 at the end of 2016 due to a single cumulative temporary difference of $392,000. At the end of 2017, this same temporary difference has increased to a cumulative amount of S482,5 0 Taxable income for 2017 is $791,900 The tax rate is 40% for all years. At the end of 2016, Culir ber Corp. had a valuation account related to its deferred tax asset of $47,000 (a) Record income tax expense, deferred income taxes, and income taxes payable for 2017, assuming that it is more likely than not that the deferred tax asset will be realized in full. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit To record income taxes.) To adjust allowance account.)