In 2023, Skysong Ltd., which follows IFRS, reported accounting income of $320,000 and the 2023 tax rate was 18%. Skysong had two timing differences for tax purposes: CCA on the company's tax return was $363,700. Depreciation expense on the financial statements was $240,000. Accrued warranty expense for financial statement purposes was $85,200 (accrued expenses are not deductible for tax purposes). This is the first year Skysong offers warranties. Both of these timing differences are expected to fully reverse over the next four years, as follows: In 2024 the government announced a further tax rate reduction will be effective for the 2027 taxation year. The new rate will be 13\%. Prepare the journal entry to adjust deferred taxes for the reduced rate. (Credit account titles are automatically indented when the 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. List debit entry before creditentry.) eTextbook and Media List of Accounts Attempts: 1 of 15 used