EZ, Inc., reports pretax accounting income of $373,000, but due to a single temporary difference, taxable income is $470,000. At the beginning of the year, no temporary differences existed. EZ is subject to a tax rate of 30%. Required: Prepare the appropriate journal entry to record EZ's income taxes.

Deferred Tax Asset 29,100

Income Tax Expense _____________?

Income Tax Payable _____________?