Exercise 19-3 (Part Level Submission) Cheyenne Corporation began 2017 with a $93,200 balance in the DeferredTax Liability account. At the end of 2017, the related cumulative temporary difference amounts to $369,600, and it will reverse evenly over the next 2 years. Pretax accounting income for 2017 is $542,100, the tax rate for all years is 40%, and taxable income for 2017 is $405,500 (a) Your answer is correct. Compute income taxes payable for 2017 Income taxes payable 162200 Your answer is partially correct. Try again Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017. (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 O for the amounts) Account Titles and Explanation Debit Credit Income Tax Expense 255400 Income Tax Payable 162200 Deferred Tax Liability 93200