GTS Distributors purchased a delivery truck in January 2018 for $80.000 with no residual value. GTS uses straight-line depreciation over a five-year useful life for financial reporting purposes. For tax purposes, the depreciation equals 50% of cost in 2018. 45% in 2019, and 5% in 2020. Pretax accounting income for 2020 was $300,000 which includes interest revenue of $45,000 from municipal bonds. The enacted tax rate is 40%. Assume there are no differences between accounting income and taxable income either now or in the future other than those described above. On January 1, 2020, GTS had a balance in their Deferred Tax Asset account of S1000. a balance in their Deferred Tax Liability account of $11,200, and a $200 balance in their Valuation Allowance-DTA account. Prepare the journal entry to record income taxes in 2020