Nishi Corporation prepares financial statements for each month-end. As part of its accounting process, estimated income taxes are accrued each month for 27% of the current month's net income. The income taxes are paid in the first month of each quarter for the amount accrued for the prior quarter. The following information is available for the fourth quarter of the year just ended. When tax computations are completed on January 20 of the following year, Nishi determines that the quarter's Income Taxes Payable account balance should be $28,123 on December 31 of the year just ended (its unadjusted bolance is $25,623 ). 1. Determine the amount of the accounting adjustment (dated as of December 31 ) to get the correct ending balance in the Income Taxes Payable account. 2. Prepare joumal entries to record (a) the December 31 adjustment to the Income Taxes Payable account and (b) the ioter January 20 payment of the fourth-quarter taxes. Complete this questlon by entering your answers in the tabs below. Determine the amount of the accounting adjustment (dated as of December 31) to get the correct ending balance in the Income Taxes Payable account. (Round intermediate calculations to the nearest whole dollar amount.) Journal entry worksheet Record the December 31 adjustment to the Income Taxes Payable account. Note: Enter debls before crocits. Journal entry worksheet Record the payment of the fourth-quarter taxes on January 20. Note: Enter debits before credits