Mercury Limited reported earnings of $$75,000$ in $209.$ The company has $$55,000$ of depreciation expense this year, and claimed CCA of $$90,000.$ The tax rate was $25\%.$ At the end of $208,$ there was a $$10,000$ loss carryfonward reported in a deferred tax asset gccount valued at $$2,200,$ and a deferred tax liability of $$35,200$ caused by capital assets with a net book value of $$500,000$ and UCC of $$340,000$

Required:

What is the amount of income tax expense in $209?$

Tax expense

Prepare the income tax entry or entries.

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$\backslash$table$[[$No$,$Date,,General Journal,Debit$],[,1,209,$Income tax eopense,$],[,,$Deferred income tax asset,,$],[,,$Income tax payable,,$],[,,,,],[2,209,$Income tax payable,,$],[,,$Income tax expense,,$]]$