Headland Inc. has two temporary differences at the end of 2019. The first difference stems from installment sales, and the second one results from the accrual of a loss contingency. Headland's accounting department has developed a schedule of future taxable and deductible amounts related to these temporary differences as follows. As of the beginning of 2019, the enacted tax rate is 34\% for 2019 and 2020, and 20\% for 2021-2024. At the beginning of 2019 , the company had no deferred income taxes on its balance sheet. Taxable income for 2019 is $516,000. Taxable income is expected in all future years. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2019 . (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 0 for the amounts.)