Melody Tune, Inc. had pretax income of $225,000 and excess depreciation of $840 on the tax return in 2019. The excess depreciation will reverse equally over the subsequent three years. The enacted rates are: 30% in 2019, 25% in 2020, 25% in 2021, and 20% in 2022.

a. How much is Melody Tune's taxable income?

b. How much is Melody Tune's income tax payable in 2019?

c. How much is the deferred tax that will appear on the balance sheet in 2019? Is the amount on the balance sheet a deferred tax asset or deferred tax liability

d. Prepare the journal entry to record income tax expense for 2019.