EZ, Inc., reports pretax accounting income of $346,000, but due to a single temporary difference, taxable income is $440,000. At the beginning of the year, no temporary differences existed. EZ is subject to a tax rate of 25%. Required: Prepare the appropriate journal entry to record EZ's income taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the income taxes. Note: Enter debits before credits. Transaction Debit Credit 1 86,500 General Journal Income tax expense Deferred tax asset Income tax payable Record entry Clear entry View general journal