I can not come up with the correct total for the last entry in the journal for Dec 31 Income Tax Expense (Debit ) Income Taxes Payable (Credit) please also explain answer.

General Journal Estimated Liability from Lawsuit 1,500.00 5 Dec. 31 Salaries Expense 14.400.00 6 Liability for Compensated Absences 14,400.00 7 Dec. 31 Salaries Expense 425,000.00 8 10,000.00 Liability for Compensated Absences Federal Income Taxes Withholding Payable 9 87,000.00 10 FICA Taxes Payable 34,800.00 11 Cash 313.200.00 Dec 31 Payroll Taxes Expense 34.800.00 15 FICA Taxes Payable 34,800.00 Dec. 31 36,000.00 Salaries Expense Bonus Payable 36,000.00 Dec 31 interest Expense 800.00 800.00 Discount on Notes Payable income Tax Expense 18 Dec. 31 87,000.00 Income Taxes Payable 87,000.00 Prepare journal entries to record the December transactions of Shadrach Computer Corporation for 2019. Include year-end accruals. General Journal Instructions How does grading work? PAGE 12 GENERAL JOURNAL Score: 233/237 DEBIT POST. REF. CREDIT DATE ACCOUNT TITLE 1 100.00 Dec 14 Estimated Premium Liability 100.00 2 Inventory of Premiums 1.500.00 3 Dec 29 Loss from Accident 1,500.00 4 Estimated Liability from Lawsuit V 14.400.00 5 Dec 31 Salaries Expense 14,400.00 Liability for Compensated Absences December Transactions: Dec. 14 29 31 Twenty proofs of purchase were returned from the November 12 sale. An individual filed suit against Shadrach for damages caused in a November 5 accident that resulted when a member of the sales force hit the individual's car while on personal business. The amount of the suit filed was $1,500. Because the employee was on personal business, the company's insurance company will not pay the claim. In Shadrach's attorney's opinion, the amount of the suit is reasonable; furthermore, the company believes it is likely to lose the suit Accrued monthly vacation pay. Paid monthly payroll. Gross salaries were $435,000. The salaries included $6,800 of vacation pay in the sales force and $3,200 of vacation pay in the office staff. The FICA. tax rate still applies to all wages because no employee's salary exceeded the maximum wage limit Recorded president's bonus. The president receives a 10% bonus on any income over $200,000, before deducting income taxes and the bonus. Shadrach's effective income tax rate is 21%, and income before income taxes and bonus for 2019 was $560,000. The bonus will be paid in January 2020. 31 31