on December 31, Delta inc, recorded $28,000 of deferred revenue(a liability) on customer deposits received in advance of the satisfaction of performance obligations. However, this amount is taxable during the year when cash received. Assume a tax rate of 25% and pretax GAAP income of $160000 for the year. Recorded the income tax journal entry on December 31. Assume zero beginning balances in deferred tax accounts and there are no differences between accounting and tax incomes