In 2021, Ryan Management collected rent revenue for 2022 tenant occupancy For financial reporting, the rent is recorded as deferred revenue and then recognized as revenue in the period tenants occupy rental property. For tax reporting, the rent is taxed when collected in 2021. The deferred portion of the rent collected in 2021 was $130 million Taxable income is $580 million in 2021 No temporary differences existed at the beginning of the year, and the tax rate is 25% Prepare the appropriate journal entry to record income taxes in 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (ie., 5,500,000 should be entered os 5.5).) SK nces View transaction list View journal entry worksheet Debit Credit No Transaction General Journal 1 Income tax exponse Deferred tax asset Income tax payable