Jorth Dakota Corporation began operations in January 2020 and purchased a machine for $17,000. North Dakota uses straight-line lepreciation over a four-year period for financial reporting purposes. For tax purposes, the deduction is 60% of cost in 2020 , 20% in 021 , and 20% in 2022. Pretax accounting income for 2020 was $147,000, which includes interest revenue of $18,500 from municipal onds. The enacted tax rate is 30% for all years. There are no other differences between accounting and taxable income. iequired: repare a journal entry to record income taxes for the year 2020. (If no entry is required for a transaction/event, select "No journal ntry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits